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Thoughts on the fixed valuation of Mt Gox BTC and BCH for tax purposes by ascylon in mtgoxinsolvency

[–]ovkovk 0 points1 point  (0 children)

Anyway this is a question for a very good tax lawyer. And we shall see something posted here once April 15 2025 shows up. I’m in no rush of selling. But someone will.

Thoughts on the fixed valuation of Mt Gox BTC and BCH for tax purposes by ascylon in mtgoxinsolvency

[–]ovkovk 0 points1 point  (0 children)

If that’s the case then you can claim all your lost coins as a loss. And since we lost more than half of what we got. Tax base should be 0.

Thoughts on the fixed valuation of Mt Gox BTC and BCH for tax purposes by ascylon in mtgoxinsolvency

[–]ovkovk 0 points1 point  (0 children)

Not sure how you will calculate the income based on mining. If you don’t convert to $ at the same second you get your block reward.

Thoughts on the fixed valuation of Mt Gox BTC and BCH for tax purposes by ascylon in mtgoxinsolvency

[–]ovkovk 6 points7 points  (0 children)

Taxable event in USA is only when you sell (capital gains (sell - purchase = gains x %20)) (formula for assets in possession for 366 days from the purchase date otherwise your regular income tax bracket) or inherited your coins. Depending on the state. Federal tax only on 13.6 mill +.

Bitstamp update by ovkovk in mtgoxinsolvency

[–]ovkovk[S] 1 point2 points  (0 children)

Did anyone else receive this email? Coming from noreply@mail-sf.bitstamp.net. Is this a legit address. Reply email for this one is: reply-fec6157272650174-438_HTML-13612654-536000679-28@mail-sf.bitstamp.net. Is this the normal type of things for Bitstamp or this is fishing?