The S-Corp Question for Bitcoin Miners
How an S-corp election changes the self-employment tax position on mining profit, what reasonable compensation actually requires, and what it costs to run.
self-employment tax
How Bitcoin Mining Income Is Taxed: Rewards, Self-Employment Tax and Basis
Mining rewards are ordinary income on receipt at that day’s value. What that means for self-employment tax, your cost basis, and the records you need to keep.