Post
Topic
Board Legal
Re: IRS Releases Tax Rules on BTC
by
Phinnaeus Gage
on 26/03/2014, 05:01:55 UTC
So, if I mined through 2013 at an average price of say $200/btc and put my coins on gox, then lost them with gox's closure when the price was ~$500 then...

I pay income tax on the $200/btc mined coins - my mining equipment and electricity expenses

Can I then claim property loss at the price when gox closed?

Dear IRS,

I have X coins stored on Mt Gox, and would love to pay my capital gains tax, but can't due to Mt Gox having all my records locked up.

Would you be so kind as to have a federal judge subpoena their records and let me know what I owe?

Bestest,

John Q. Public