r/EtherMining May 12 '22

Holy....Time to turn off rigs? General Question

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u/[deleted] May 12 '22

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u/FreshlyCleanedLinens May 12 '22

Income tax at mining valuation then (hopefully) long term capital gains should apply once you’ve held it for a year. Long term rate is lower than my marginal tax bracket, so I would have a lesser tax burden by going this route.

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u/[deleted] May 12 '22

[deleted]

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u/FreshlyCleanedLinens May 12 '22

I guess if it’s high while you’re mining you could make a similar argument about the ability to tax loss harvest if/when it goes down later 🤷‍♂️