A BTC transfer from Nicehash Internal Wallet to Coinbase BTC wallet is a non-taxable event right? It's just a relocation of property without liquidation?
Its non-taxable because its not a trade.
But if you have mined those BTC then its a taxable business income, similiar to working income. Not capital gains.
Yes I know this
I get the Fair Market Value from coinmarketcap.com at the time and date Nicehash makes the daily payment . And I keep a running total of income in spreadsheet. Trying to use one spreadsheet for all the accounts instead of a worksheet per account, don't know if this makes sense. WOuld be cool to see screenshot of excel spreadsheets for mining & trading.