Wednesday, September 22, 2021
Home > Deduct

South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s digital currency tax regime commences in 2022.According to a report by Pulse News, South Korea’s Ministry of Economy and Finance on Wednesday announced additional details of the country’s impending crypto tax law, which included a

Read More

US Investors That Sold BTC Lost $1.7 Billion, Many Don’t Intend to Deduct Losses

Crypto investors in the United States who sold their Bitcoin (BTC) holdings lost $1.7 billion, but many do not plan to deduct the losses, a survey conducted by personal finance company Credit Karma published on Jan. 15.The survey was conducted by research firm Qualtrics for Credit Karma, and surveyed 1,009

Read More