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Taxpayers to avoid obligations by sending mining proceeds to IRAs

July 29, 2021 by DIGIT
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The IRS has considered crypto mining revenue as part of taxable income since 2014.

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Categories Bitcoin Mining, Bitcoin Regulation, mining, Regulation, Taxes
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  • bitcoinBitcoin(BTC)$89,701.00-1.52%
  • ethereumEthereum(ETH)$3,082.08-2.45%
  • tetherTether(USDT)$1.000.00%
  • solanaSolana(SOL)$236.008.96%
  • binancecoinBNB(BNB)$618.56-1.37%
  • rippleXRP(XRP)$1.06-8.06%
  • dogecoinDogecoin(DOGE)$0.362230-1.76%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$3,080.70-2.46%
  • cardanoCardano(ADA)$0.71-6.59%
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  • bitcoinBitcoin(BTC)$89,701.00-1.52%
  • ethereumEthereum(ETH)$3,082.08-2.45%
  • tetherTether(USDT)$1.000.00%
  • solanaSolana(SOL)$236.008.96%
  • binancecoinBNB(BNB)$618.56-1.37%
  • rippleXRP(XRP)$1.06-8.06%
  • dogecoinDogecoin(DOGE)$0.362230-1.76%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$3,080.70-2.46%
  • cardanoCardano(ADA)$0.71-6.59%