Thursday, June 10, 2021

Why is bitcoin mining a taxable event?

I understand that using money to buy some amount of bitcoin isn't taxable because it's an unrealized gain/profit, or in other words, it's not finalized because I never closed that trade. So why is it that mining the coin considered taxable. I haven't sold it. As far as I can tell I'm still holding some amount of bitcoin regard of how I acquired it.


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