Post
Topic
Board Legal
Re: Time to start thinking about taxes
by
Bob Derber
on 22/12/2013, 16:47:02 UTC
For US Tax purposes, would it not be appropriate to divide mining income between the bitcoin 'reward' and the 'transaction fee' associated with the accepted block.  The former involves a very unique economic transaction that we all feel is open for interpretation.  The transaction fee we receive is another matter.  Those generating a transaction either intentionally or there mining software allocates the fee to prompt inclusion in the block when it is constructed. 

thougths?