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WebApr 11, 2024 · promo. Bitmain is facing a fine of $3.5 million for unpaid taxes in Beijing, China. The Bitcoin mining-focused manufacturer has been fined for withholding unpaid individual income tax. Bitmain could face a fine of $3.5 million for not paying taxes in Beijing. New reports show that Bitmain has received a notice from the State Administration of ... WebApr 6, 2024 · Mined crypto earnings are also taxed as income. However, if one sells or trades crypto, any profits are taxed as capital gains, just as if they were selling a stock. Likewise, an individual can write off up to $3,000 worth of crypto losses, and carry forward any additional losses to offset gains in the future.

WebApr 11, 2024 · Indian Tax Regime Impacts Crypto. The government proposed a 1% Tax Deduction at Source (TDS) on every crypto transaction and a flat 30% tax on the profits of … WebSell 0.21 BTC Dec 17 2024 = ~$4300 USD. Buy 0.33 BTC Dec 22 2024 = ~$4000 USD. Then let's say they psychologically didn't want to sell after the market crashed. It is now October 31 and BTC price is around $6000 USD. They have $2300 US of realised capital gains. But their 0.33 BTC is only worth $2000 USD.

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