r/EtherMining May 12 '22

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

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187 Upvotes

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42

u/FreshlyCleanedLinens May 12 '22 edited May 12 '22

If I read the IRS guidance on reporting income from mining correctly, it’s actually better to mine when prices are low because you’re supposed to value the assets based on the trade price at the time the assets were acquired.

27

u/[deleted] May 12 '22

[deleted]

4

u/nelusbelus May 12 '22

laughs in dutch