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Bitcoin Miners Can Escape US Taxes by Sending Mining Proceeds Direct to IRAs

U.S. shoppers of Compass Mining can now keep away from tax on the bitcoin they mine by shopping for mining {hardware} via their particular person retirement accounts (IRAs).

CORRECTION (JULY 29, 16:01 UTC): Corrects that mining {hardware} must be purchased via the IRA.

Source: CoinDesk


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