Bitcoin Home Mining Tax Implications
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Learn how to mine Bitcoin from home with rented hash:
https://www.youtube.com/watch?v=Plzh3CVQebA
https://www.youtube.com/watch?v=UbyI-TDNFdA
In this video, I discuss the tax implications of using rented hash to mine Bitcoin from home. In particular, I discuss the context in which rented hash might be deductible (or not).
Not tax advice.
Consult a tax professional to learn if this any of this applies to your jurisdiction and individual tax situation.
Not investment advice! Consult a financial advisor.
Form 1040, Schedule C:
https://www.irs.gov/forms-pubs/about-schedule-c-form-1040
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#BitcoinMining
#Taxes
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. Receive SMS online on sms24.me
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