Reply to post: Re: 24E6 eggs in a flimsy basket

It’s happened again: AT&T sued for allegedly transferring victim's number to thieves in $1.9m cryptocoin heist


Re: 24E6 eggs in a flimsy basket

"Or, you got into the whole mining shebang early and it's "new" pre-tax income/currency from nothing, so if you pull it all out at once, you get hit at the entire income tax liability all at once."

At what point do you become liable for the tax on this? When you mine the crypto currency you have "earned" it so I'd assume tax would be due there and then.

Are you saying that you dont have to declare it for tax until its taken from your Crypto wallet and paid into your personal wallet?

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