I am using hiveos as a mining pool, they pay out to my Coinbase wallet and then a transfer the ETH to a main coinbase.com account is this taxable since in my Coinbase account it just shows a deposit? please help I want to take care of everything legally, and I am hodling my coins
Mining is considered income. Legally, once you get paid out in Eth from mining, you are liable to income tax for the mined ETH.
Also, keep in mind, if you are hodling, you need to keep track of the rate of ETH/USD the day you received your mining rewards, as you will be liable for capital gains tax as well when you sell at a later date.
To put in in prospective:
On Monday you mine say 1 ETH, and 1 ETH = $1 dollar.
So on Monday, if your income tax rate is 20% percent, you would owe $1 * 20% = $0.20 in income tax.
But lets say you hold on to this 1 ETH, and in 10 days later on a Wednesday 1 ETH = $10 and decide to sell. Lets assume your capital gains tax rate is 30%。
You would need to still pay $0.20 in income tax, but you would need to pay $10 (new eth price) minus $1 (price of eth on Monday) = $9* 30% cap gains rate = $2.70.
So your total liability would be $0.20 in income tax + $2.70 in cap gains = $2.90 total.
I just use a tax program. 
Keeping track of dates is the hard part. But if you plan to mine use a book keeping program. Any suggestions or is Quick books enough?
My ETH payment gets put though hiveos, in to my Coinbase wallet I have tried the software programs that tell you how much income tax you need to pay and how much income you have made on all of them it says zero so nothing is there to report to the IRS
Thats definitely incorrect. Be very careful of this.
Eff dude, that seems like a lot when mining on a day to day basis. Thanks for the info. Do the crypto pools keep track of these mining transactions like the exchanges do with the ledgers or is this something we need to keep logged in a book?
@CryptoFreak You can pull your history from most exchanges that I know of. I just pulled the files and uploaded it to a crypto tax program. You can also give access to the programs to pull your info with the api keys so you don’t have to download it and then upload it if you don’t want to. I ended up using cryptotrader.tax by coinledger, vosk did a YouTube with them. I liked it better than koinly.
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It shows that that transaction is not taxable every time I deposit it