Quote from: bitsalame on November 19, 2013, 05:09:28 PM

Quote from: novusordo on November 19, 2013, 04:29:24 PM

There's one thing I haven't seen any shareholder address yet:

Taxes.

How in the world would one declare Asicminer divs on one's taxes? Considering it's not a "real" security, would it be smarter to declare it as income? If that's the case, you'd have to calculate the value of your dividends at each dividend payout and report that as your income.

Any other ideas for doing it in a way that keeps the IRS happy, while keeping the most amount of divs?

Obviously it'd be best to consult a professional, but I'm curious what others have had for ideas.

As long as you don't convert them to fiat for a year, you'll technically be paying capital gains taxes which is only 15% in the us. (Germany it is free)

It would be unwise to declare it as income, you'll end up paying 35% tax

I'd be ecstatic if my income taxes were only 35 %... #Europe