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RE: US Tax Considerations – IRS Warned by TIGTA to Focus on Illegal Use of Virtual Currency | IRS Demands Coinbase Records
@timcliff not a problem. I'm going to do a future US Tax Considerations on income tax for crypto miners. It may apply to you as a witness, so you might want to check it out. As always thanks for being a regular reader.
Thanks for the offer. I'm not too concerned at this point, seeing as I'm operating at a loss ;)
Most ordinary losses are taken against earned income. I would suggest you keep records and take losses on your tax return which you are entitled to.
Appreciate the advice :)