I'm mining crypto. What is the best strategy for the tax next year?

MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Avoid Big Tax Mistakes With Crypto in 2025

23 Sept 2025 · 1 min

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Mark Kohler explains that crypto mining and staking income counts as ordinary income subject to self-employment tax. Larger operations often use S corporations to manage tax liability, and he recommends consulting crypto-tax attorneys Darren or Max to build a tailored plan that prevents surprise tax bills.

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Mark Kohler advises that crypto mining income is ordinary income subject to self‑employment tax. He suggests forming an S corporation for sizable operations and strongly recommends consulting the firm’s crypto‑tax attorneys, Darren or Max, to develop a tailored tax plan.

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I'm mining crypto. What is the best strategy for the tax next year?
If you're going to be mining crypto or staking could even apply. You're earning money. You're not investing, you're earning. When you're doing crypto mining, that's ordinary income and you're going to pay self employment tax on that. I've had clients form an S corporation for their mining rigs because they're making so much. So you really need a consult with one of the tax lawyers in my office. I would recommend Darren or Max. They're both very, very skilled and certified in crypto taxation. So get an appoint with Darren or Max because you're going to pay more tax on that crypto mining than you know. And paying them for an hour to give you a plan of what to do is good planning. The rich get richer when they plan and understand their tax strategies.