Crypto Taxes
“What taxes do I pay on crypto mining?”
Crypto mining can create several tax considerations, and the answer often depends on whether the activity is treated as a business or a hobby, how the mined coins are valued when received, and whether the coins are later sold or exchanged. In many cases, the timing and records of mining rewards, electricity and equipment costs, and any related self-employment or business reporting can affect the final result. State tax treatment can also vary, especially if mining activity is tied to a business location or registered entity. 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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