Crypto Taxes
“What is the tax treatment for my crypto mining?”
Crypto mining often has tax implications both when the coins are received and later when they are sold or exchanged. The treatment can depend on whether the activity looks like a hobby or a trade or business, how consistently the mining is carried on, and whether the coins are held for investment or used right away. Records of mining rewards, equipment costs, electricity, internet, and other operating expenses can all affect the reporting picture. State tax rules and the timing of when value is recognized can also matter, especially when mining is done through a pool or across multiple wallets. 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 activity taxed by the IRS?”
“How is my crypto mining income taxed?”
“Do I owe taxes on crypto mining income?”
“I have crypto activity on Coinbase and don't know how to report it, can you help?”
“I have crypto activity on Binance 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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