Chuyển sang chế độ ngoại tuyến với ứng dụng Player FM !
Abraham Sutherland
Manage episode 277907232 series 2790746
Abe’s research has spurred Coin Center to advocate for different tax treatment of block rewards. The IRS issued guidance in 2014, explaining that cryptocurrency was property and should be taxed as income when received by a miner. As Abe has pointed out, no other newly created property is taxed at the moment it is made by the taxpayer. A farmer owes taxes when she sells her corn, not when it appears in her fields. Abe first developed his analysis in the context of proof of stake cryptocurrencies but the same logic should apply to Bitcoin block rewards as well. Peter and Abe explore the history of the IRS’s treatment of block rewards and discuss their hopes for a change in treatment.
34 tập
Manage episode 277907232 series 2790746
Abe’s research has spurred Coin Center to advocate for different tax treatment of block rewards. The IRS issued guidance in 2014, explaining that cryptocurrency was property and should be taxed as income when received by a miner. As Abe has pointed out, no other newly created property is taxed at the moment it is made by the taxpayer. A farmer owes taxes when she sells her corn, not when it appears in her fields. Abe first developed his analysis in the context of proof of stake cryptocurrencies but the same logic should apply to Bitcoin block rewards as well. Peter and Abe explore the history of the IRS’s treatment of block rewards and discuss their hopes for a change in treatment.
34 tập
Tất cả các tập
×Chào mừng bạn đến với Player FM!
Player FM đang quét trang web để tìm các podcast chất lượng cao cho bạn thưởng thức ngay bây giờ. Đây là ứng dụng podcast tốt nhất và hoạt động trên Android, iPhone và web. Đăng ký để đồng bộ các theo dõi trên tất cả thiết bị.