Post
Topic
Board Legal
Re: As miner, should I declare my computers/electricity for tax purposes?
by
mgio
on 17/01/2014, 20:39:13 UTC
I've never sold a bitcoin so I have no gains to report.

However, I've been mining for a year and purchased expensive computer parts to mine.

Will I be able to declare those as a business expense for tax purposes even though I didn't report any income( i didn't sell any coins)

If you are a miner, you have gains to report. Every coins you mined needs to be declared as income at the moment you mined it.