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Should I pay taxes on the money I make from mining?

  • Thread starter Thread starter deucher
  • Start date Start date

deucher

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This isn't exactly how I wanted to phrase my question, and I know that I have to pay taxes, but I'm not sure if I should pay them as soon as I purchase the equipment or if it would be better to wait until I have stability before working and filing my taxes to avoid any issues with the government.
 
Better file your tax return once you start making profits, if you have undeclared losses it won't really have any repercussions, when you start to be in surplus and sell your currencies for fiat money, there are you should start worrying about the taxes you should pay.
 
If crypto is recognized as an asset, if crypto trading is recognized as a legit trading, and if minig is recognized as a legit earning opportunity, you should certainly pay taxes.
 
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