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Re: [145+PH] KanoPool kano.is 7 BTC giveaway 🐈 US,NL,JP,NYA,DE,SG
by
nazzer
on 08/04/2018, 14:39:54 UTC


But isn't that a meaningless number?  You need to know what the price is when you convert to USD.  You have to do that on one of the exchanges, because Kano doesn't speak USD (nor do we want him to).

Well, if you do your taxes the way my CPA told me, you're supposed to recognize mining income the moment it's generated to your wallet. The conversion to USD is meaningless.

1 BTC = 1 BTC

Just use the income tax % on the total amount of bitcoin, send that to the IRS Smiley

Or, you could live in a jurisdiction that doesn't tax capital gains...