Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: Roadrage68 on April 11, 2018, 03:24:07 AM



Title: How was your 2017 tax return experience? (US Only)
Post by: Roadrage68 on April 11, 2018, 03:24:07 AM
 I started mining altcoins in June of 2017 with a couple of gpus and have worked my way up to about 25 gpus and 700 Mh/s on Ethash. (Nothing major)
I basically mined Ethash coins and have been hodling and exchanging for other promising looking coins.

 My power bill increased by $250-$300 per month x 6 months.
 My mining rigs had to have cost me between $8K-$10K all said and done.
 I'm hodling some ETC, EXP, XLM, XRP, UBIQ, PIRL, ELLA, DBIX, RVN and some shit coins.

 Right now I'm having anxiety trying to get my taxes "won", nobody (CPA's) around here have any clue regarding crypto and taxes..
I'm going to have to file an extension until I find someone to complete my taxes; normally I would figure this out on my own but I need to take advantage of every opportunity so that I'm better prepared next year.

 So any advice or experience you guys can share would be greatly appreciated.
If you know someone experienced in the Seattle area that would be cool too.

Thanks in advance.