# Deduct Mining Costs - Eg Electricity, Depreciation **URL:** \ **Category:** Tax Questions\ **Created:** [January 29, 2022, 10:08pm UTC](https://discuss.koinly.io/t/deduct-mining-costs-eg-electricity-depreciation/10900 "2022-01-29T22:08:22Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![cucumber](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/cucumber/32/4984_2.png) [@cucumber](https://discuss.koinly.io/u/cucumber)\ **Post date:** [January 29, 2022, 10:08pm UTC](https://discuss.koinly.io/t/deduct-mining-costs-eg-electricity-depreciation/10900/1 "2022-01-29T22:08:22Z")
Koinly has been great and recording my transactions, but the tax statements it generates are incomplete. Before I pay tax on my mining earnings, I need to deduct the operating costs of mining them, eg the depreciation on the cards I’ve purchased and the electricity used to mine. Am I missing something? There’s no way of including those costs in Koinly, so I’d need to complete the expenses separately… ---
**Author:** ![Stallon](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/stallon/32/7274_2.png) [@Stallon](https://discuss.koinly.io/u/Stallon)\ **Post date:** [March 8, 2022, 4:08am UTC](https://discuss.koinly.io/t/deduct-mining-costs-eg-electricity-depreciation/10900/2 "2022-03-08T04:08:05Z")
Yes you need to do them separately and report them as a cost for your crypto earnings ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\ **Post date:** [May 7, 2022, 4:09am UTC](https://discuss.koinly.io/t/deduct-mining-costs-eg-electricity-depreciation/10900/3 "2022-05-07T04:09:02Z")
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