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Title: Bitcoin and Taxes (Mexico and San Diego) Post by: mskryxz on April 26, 2013, 12:59:43 AM If I live in San Diego and also have a place in Tijuana, Mexico would I need to pay taxes on my bitcoins that I mined?
Mine bitcoins and pay electricity in Mexico, but live in San Diego 50% of the time, do I pay taxes for USA or Mexico and does Mexico even have a law on internet income? If I moved all of my farming computers from San Diego to Mexico, and mine everything there, yet live in San Diego 100%, am I required to pay taxes on the litecoins/bitcoins mined located in Mexico? Title: Re: Bitcoin and Taxes (Mexico and San Diego) Post by: Xumux on April 26, 2013, 03:23:52 AM Electricity rates aren't linear in Mexico, cost per KW/h more than doubles everytime you exceed a certain threshold for a certain period of time. It's a form of punishing high usage. Also, if you reach the high consumption rate (tarifa DAC), it may take a long time to revert to a previous status.
Baja California has been especially notorious for high bills during summer, but I'm not sure if that applies to all cities. Title: Re: Bitcoin and Taxes (Mexico and San Diego) Post by: acunningham on April 26, 2013, 10:06:06 AM Since getting your taxes wrong can land you in prison, you really need to ask someone qualified to answer this definitively. You should ask accountants certified in the jurisdictions in question, not an internet forum.
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