Wednesday 1 August 2018

Question about mining business taxes and electricity write offs

I have a quick question about taxes for any of you guys who have been in business for a while. Were you able to write off your utilities like electricity? What percentage of that cost were you able to write off? How about the equipment like the miners themselves. Were those deductions based on depreciation? I’m a noob when it comes to business taxes and I know I plan to speak with CPA but I’m curious what some of y’all have done as far as write offs.



Submitted August 01, 2018 at 09:13PM by IGotThisYo http://bit.ly/2v4CGYs

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