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This includes receiving cryptocurrency as payment, mining, staking, interest, or any other form of earning. So, how much income should you report for this type of crypto. The amount here the yggdrasil crypto market value in USD at the time you yggdrasil crypto the assets.

The amount you reported as income is also your crypto flash drive basis. In the example above, the cost basis of the 0. The crypto tax rate depends on your income level, filing status, and types of activity.