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PSA: When Exactly Do I Owe Tax? At Mining or Selling?

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice.

Hypothetical question

Looking for advice on this situation. Mining Ethereum - When Exactly Do I Owe Tax? At Mining or Selling? Is this as bad as I think?

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

Illustrative response

Keep meticulous records. The IRS loves to deny deductions for lack of substantiation. A $50 expense tracking app saves thousands in lost deductions during an audit.

Illustrative response

Keep meticulous records. The IRS loves to deny deductions for lack of substantiation. A $50 expense tracking app saves thousands in lost deductions during an audit.

Illustrative response

Keep meticulous records. The IRS loves to deny deductions for lack of substantiation. A $50 expense tracking app saves thousands in lost deductions during an audit.

PSA: When Exactly Do I Owe Tax? At Mining or Selling?

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