How do the new IRS rulings affect me as a potential minor miner?

[precrime3]

I would like to get into mining, but since the IRS released this today idk if I want to anyway? How, if I can, legally mine now as a minor? How do I report self-employment taxes and other applicable taxes?

[AnonyMint]

The coinbase transaction sends you coins from the network, so this must be reported as income.

When you dispose the coins, you must report capital gains (or loss).

[precrime3]

Any guides to doing that? I heard on reddit(posted there as well) that I must file using a CPA schedule C if my income is over $6,100, as  I am under 65 & not blind.

[AnonyMint]

Ask H&R Block, they can help you for probably $50.

[precrime3]

So what should I keep? Obviously any recipes that are business related, but should I keep records of transactions?