White House report suggests Bitcoin miners may pay tax only on sales
the White House Digital Asset Working Group recommended in a 168-page report that the IRS clarify the timing of taxation on Bitcoin mining income, or switch to taxing at the time of sale, to avoid double taxation of "mining income tax + capital gains on sale".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Trading Club Championship (Phase 5)—Grab a share of 80,000 BGB, up to 800 BGB per user!
Bitget Trading Club Championship (Phase 5)—Grab a share of 80,000 BGB, up to 800 BGB per user!
Announcement on Bitget listing TSLA, NVDA, CRCL RWA Index Perpetual futures
Onchain Challenge (Phase 15) — Trade and share 100,000 BGB in airdrops
Trending news
MoreCrypto prices
More
