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What you’re doing is illegal in America. If you have a home mining operation you have to pay income tax on the coin earned.

Rafael Maldonado 1y ago

First, i’m, not advocating for people to do anything illegal.I’m asking questions because I really trying to learn here. So according to what you are saying I owe “unrealized capital gains” for the sats that I mined in my garage. But, what conversion rate should I use to calculate my tax burden if I have not sold?

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Discussion

HODL 1y ago

At the time they hit your wallet. That’s your cost basis and they’re treated as income. If you’re in America you should really talk to an accountant bro.

Rafael Maldonado 1y ago

Thanks, man i’m not in the US but I’m in America ….the continent

rand0mguest2 1y ago

So you’re not in America

btconboard #LNHANCE or #CTV 1y ago

This is also common tax treatment outside the US. Not saying it’s fair or righteous, but it is a common government tax policy.

Unaidedcoyote 1y ago

what sats?