Post
Topic
Board Mining (Altcoins)
Re: Mining rigs and taxs
by
Eyedol-X
on 24/01/2017, 19:19:07 UTC
This might not be the correct place to ask but has anyone successfully deducted there rigs and expenses for mining? I have done a bit of googling but not definitive answer. Just looking for answers on how to go about it and should I even bother.  Huh 

Afaik, people that have setup legitimate business and appropriate accounting for such do it all the time. Individuals I believe it works a little differently. I recommend you contact a tax professional to give you the right answers.

Based upon your name, if you're in the military I would be 100% sure you're appropriately reporting all your income Smiley