RE: US Tax Considerations – Tax Guidelines for Mining Cryptocurrencies (Bitcoin, Ethereum, STEEM, etc.)

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US Tax Considerations – Tax Guidelines for Mining Cryptocurrencies (Bitcoin, Ethereum, STEEM, etc.)

in tax •  7 years ago 

I want to form an LLC, but then again I may have to end up paying quarterly taxes and self employment tax on top of that Federal and State taxes have to be figured out, I have to report my earnings and that is taxed and then I'm taxed again on my gains when I sell the coins. Dear lord, after noting this all down I just feel a little overwhelmed.

tax
7 years ago by

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