Ethereum : Tax Question on Crypto from Mining

Ethereum update: Tax Question on Crypto from Mining

Years ago I received some ethereum from a cloud mining contract that I bought and I have held that in different wallets since. If I wanted to sell it (legally) how could I go about doing that and paying taxes on my transaction if I don’t have access to the mining information which specified how much eth was in each payout and what it was worth?

All the information I can find regarding selling on Coinbase and reporting that info to the IRS talk about specifying how much the crypto was worth when you bought it, but obviously that does not directly apply to eth that was obtained by mining.

Any advice would be greatly appreciated.

View the link

About Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Author: danny1234551

Score: 4

Don’t forget to share the post if you love it !

Blockchain : Bitcoin ATM Operator Coinme to Sell BTC at Coinstar Kiosks

Blockchain : Indian Supreme Court Postpones Crypto Case Hearing to February 2019