On the recordJuly 10, 2024
If you grow corn you do not pay tax on it until you sell it, but Bitcoin, if you mine it, even before you sell it you have to pay taxes on it.
Source
congress.govIf you grow corn you do not pay tax on it until you sell it, but Bitcoin, if you mine it, even before you sell it you have to pay taxes on it.
Senator Tuberville questions the fairness of taxing mined Bitcoin before it is sold.
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