Crypto Mining and Staking Tax
Mining and staking aren’t just investment activities — they’re income-generating operations with their own tax rules, deduction opportunities, and reporting requirements. The difference between how you structure and report that activity can be worth tens of thousands of dollars in taxes.
We know this from the inside. Before building The Crypto Accountant, Harry Shurek ran 40 mining rigs. We understand the operational realities — electricity costs, equipment depreciation, hosting arrangements, pool fees — and how they interact with the tax code.
Mining tax issues we handle:
- Hobby vs. business classification
- Equipment deductions — Section 179 and bonus depreciation
- Electricity, hosting, and pool fee deductions
- Income recognition at fair market value on date received
- Entity structure for mining operations
- Multi-year mining catch-up filing
Staking tax issues we handle:
- Income recognition for staking rewards
- Liquid staking tokens — stETH, cbETH, rETH
- Validator income vs. delegated staking
- Exchange-based vs. self-custody staking records
- Solana, Ethereum, and other proof-of-stake chains
Book a consultation to discuss your mining or staking situation.