Crypto Taxes
“How is my crypto mining activity taxed by the IRS?”
Crypto mining is often treated as a tax issue with both income and recordkeeping pieces, and the result can depend on whether the activity is occasional or more like a business, how the coins are received, and whether there are related expenses such as equipment, electricity, or hosting. The IRS view can also vary based on when the mined coins are recognized and how later sales or swaps are reported. Because mining can involve self-employment considerations, asset basis tracking, and detailed transaction logs, the facts around your setup usually shape the tax picture. Going through your records with a CPA usually surfaces the answer in under an hour.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“How do I get taxed on crypto mining?”
“How is my crypto mining income taxed?”
“What taxes apply to my mining of cryptocurrency?”
“What is the tax treatment of my crypto mining?”
“I have crypto activity on Coinbase and don't know how to report it, can you help?”
“I have crypto activity on an exchange that shut down and don't know how to report it, can you help?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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