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

The IRS Loves When You Ignore This Crypto Tax Hack #taxes #bitcoin

11 Sept 2026 · 1 min

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In this segment, Mark Kohler explains that individuals actively engaged in cryptocurrency activities—such as mining, NFT creation, trading, staking, or node management—can treat these activities as a business for tax purposes. By establishing an S corporation (or a subsidiary under an existing S corp), they can claim business deductions for crypto‑related equipment, home office expenses, travel, meals, and other costs, thereby reducing taxable income. Kohler emphasizes the simplicity of the approach: just set up an S corporation and integrate crypto operations into it.

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That's going to allow you to take write-offs now for all of that crypto-related equipment, home office, travel, dining, all the goodies. If you are crypto mining, trading NFTs, or building NFTs, like say you are creating NFTs, highly involved in staking, managing the nodes and all that, you are in a business. 2 words, S corporation. Make sure you have an S corporation to integrate. And if you already have an S corporation for maybe a small business you've got, just set up a subsidiary for your crypto mining.