White House Report Recommends Bitcoin Miners May Only Be Taxed Upon Sale
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According to a report by Jinse Finance, the U.S. White House Digital Assets Working Group has recommended in its 168-page report that the IRS clarify the taxable timing of Bitcoin mining income, suggesting it may be taxed at the point of sale instead. This aims to avoid double taxation through both “mining income tax” and “capital gains tax on sale.”
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