Re: 24E6 eggs in a flimsy basket
As far as my somewhat limited knowledge, it is only taxed when converted to a recognized currency, or "withdrawn".
So if you mined $20 in BTC back when, and it's now worth $20K, then you'll pay tax on the 20K, same as a stock transaction or bank interest. Lovely for sure.
It's a big ball of wax, but that's how it was explained last ai looked into it
In some ways, it's like a 401(k) or IRA?
There may be more recent laws/rules/regulations though. The IRS wants their cut six ways from a half dozen after all.