Depends do you treat this as a business? Lots of deductions for business owners much better off if they make the equivalent amount in cash. I have not needed to pay tax for 3 years due to good planning. Now since I am pretty much retired at least from a 9-5 I will be doing real estate 60% crypto 40% so I can offset all my taxes with accelerated depreciation and when I dies my kids deduct it over again from the FMV at death is in that the best rule lol Generations can deduct the same building which is why it is important to invest in it in my opinion - good tax benefits, leverage, stable cash flow, appreciation, cash of refinances. High IRR activities. I wonder if you can be a real estate professional owning digital land and property? Bet this has not come up yet. Or what if you made it so property decayed overtime and things like roofs etc need replacing which costs X and you say have whole apartment buildings where offices and apartments are feel like it should have a chance but they would fight hard.
You are viewing a single comment's thread from:
No, I have not treated Hive like a proper business, no real reason, I just got into a training mode. What I have done is make an investment plan for the next year, and also schedule about 5 hours a day for Hive activities.
It is time for me to change my mindset about Hive from hobby to business. 👍