White House report suggests Bitcoin miners may pay tax only on sales
the White House Digital Asset Working Group recommended in a 168-page report that the IRS clarify the timing of taxation on Bitcoin mining income, or switch to taxing at the time of sale, to avoid double taxation of "mining income tax + capital gains on sale".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
100% rebate for KYB users: Earn fee rebates on EUR bank deposits!
[Initial listing] Bitget to list Talus (US) in the Innovation and AI zone
Bitget Trading Club Championship (Phase 21)—Up to 1250 BGB per user, plus a ZETA pool and Mystery Boxes
Bitget Spot Margin Announcement on Suspension of MDT/USDT, RAD/USDT, FIS/USDT, CHESS/USDT, RDNT/USDT Margin Trading Services
