BTC CPA retweetledi
BTC CPA
9 posts
BTC CPA
@btc__cpa
BTC and MSTR through the eyes of a CPA.
Katılım Aralık 2023
98 Takip Edilen54 Takipçiler
I agree with your premise of it being active, but anyone implementing should be familiar with the hour requirements and document their hours meticulously. It’s great that you have a tax advisor partner to direct people to, also a 15 min session with Grok will go a long way in getting the base understanding!
Mining BTC and limiting tax liability is truly a win-win 😎
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I’m not a CPA but Mining is general categorized under active income because it’s revenue you’re producing as a result of ongoing business activity. Despite having a company that provides the service of managing the physical hardware, you’re still actively participating by paying monthly opex, monitoring performance, buying/selling machines strategically, managing your treasury, etc.
Blockware doesn’t issue formal tax statements, but we do have a referral partnership in place with a tax advisory firm who specializes in BTC and mining (seemingly not something you’d need but a nice resource for many of our other clients).
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How the Wealthy Avoid Taxes (Legally) — and Why Bitcoin Mining is the Newest Loophole
Donald Trump never paid much in taxes.
Not because he cheated — but because he understood one of the most powerful weapons in the U.S. tax code: depreciation.
He bought real estate, buildings, and claimed massive paper losses… and still made money.
Now you can do the same — with Bitcoin Mining.
🧵👇
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@BlakeDavis50 @TalesofTitans1 @Breedlove22 How does Blockware approach the IRS active vs passive participation rules?
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Hey Adam - Blake from Blockware here. Yes, you can absolutely do this with hosted hardware, assuming that you’re the legal owner of that hardware (as you would be when mining with Blockware) and are running it under a business entity (LLC, sole prop, etc.).
Feel free to shoot me a DM or email blake@blockwaresolutions.com and we can discuss further.
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I predicted the $MSTR gamma squeeze last fall. My model was terrifyingly accurate on the price movement weeks in advance.
I have tweaked the model to dial it in further. And I've used said model to predict MSTR share price at end of the year 2025.
I predict $697 at year end.
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@PunterJeff Thank you for this analysis, Jeff. This is the signal in the earnings noise.
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Lets take this a step further.
$MSTR Dynamic Trailing 12 month P/E Ratio: 9.5
Avg P/E Ratios:
S&P 500: 26
QQQ: 35
Mag 7: 31
I'll let y'all follow the math on that one.
Jeff Walton@PunterJeff
$MSTR - PROFORMA Earnings Update BTC @ $102,750 Estimated Q2 2025 Earnings: $11 Billion The last 4 quarters of $MSTR earnings are: -$5.3 B If Q2 were to close today, $MSTR would clear the FINAL metric needed for S&P inclusion by $5.6 Billion. An overwhelming blowout to the upside. Face melting & Institutional grade bewilderment is on the horizon. ALSO, fun stat: From the period of 3/31/2009 - 6/30/2020, $MSTR had a TOTAL NET INCOME of $523M. The Net Income Earnings estimate from this SINGLE QUARTER is 21x greater than the ENTIRE Net Income from the 11 year period pre Bitcoin. Yeah, I think it's going 🟩👆Higher
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@BTCDoesNotCare They have to record it this way under GAAP. They can’t recognize all gains from prior periods on the 2025 income statement.
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