I formed a SDIRA/LLC which has two members (Traditional IRA and ROTH IRA) and the custodian is a Trust Co. in AZ. The multi-member IRA/LLC was formed in VA and owns a Cryto Mining LLC (Blocker Co., filing as a C Corp.) which was incorporated in OK. Mining equipment was purchased in March 2022 and should have been put in service in Tx in Sept. 2022 however, this has not occured as yet.
(1.) Since the multi-member member (IRA/LLC) is a VA LLC and I live in VA, does the Crypto Mining LLC need to file VA State taxes or OK State Taxes?
(2) What federal tax forms do I need to fill out to document the money that was spent on purchasing the crypto mining equipment which is yet to be handed over/energized?
(3) Confirm that I cannot start taking depreciation until the miners have been energized and start mining.
