Re: [ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs
yep were i'm at ...I made more in equip depreciation applied to taxes then I paid in revenue on btc and ltc mined...it 'coincidentally' was a draw (really no tricks got a cpa and everything)
so no issues at all i'm squeaky clean with IRS according to CPA (had to file had bank issues when btc was evil ....big boo boo by bank a error called sec...so if after all this it is a break
even with what I get for equip depreciation (or better) on what I mined I'll take that as a win
..but yeah home biz get a cpa it all works out (if you wish .....or just wait till 2018
when all this stuff gets straightened out and 'viola' you had a good year should you want to report 'ahem' your virtual coin to IRS or whomever..me I was stuck ...so this is the best outcome I can pull off.
so no issues at all i'm squeaky clean with IRS according to CPA (had to file had bank issues when btc was evil ....big boo boo by bank a error called sec...so if after all this it is a break
even with what I get for equip depreciation (or better) on what I mined I'll take that as a win
..but yeah home biz get a cpa it all works out (if you wish .....or just wait till 2018when all this stuff gets straightened out and 'viola' you had a good year should you want to report 'ahem' your virtual coin to IRS or whomever..me I was stuck ...so this is the best outcome I can pull off.
Good to hear you got it all worked out, Searing. I plan on doing a bit better with the new rigs I have on the way. I came out ahead on all of my previous rigs. Not much... but ahead. I'm itching to get my S7's in my mining closet. Have 9 on the way and 14 more in December depending on difficulty.