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    Crypto Mining Tax Free (Use this Strategy!)



    The word crypto has been thrown around a lot in recent years, and many people interpret this word differently. Claim Your FREE 45 minute Investment Strategy Session to receive business planning tips and a clear investment strategy. 👉 https://aba.link/tobyss

    Some take it as a way to wealth while others don’t know what to think. One of the greatest factors that prevent many from experimenting with the world of crypto is the reality of taxes.

    With that in mind, we move on to this video’s topic… Crypto mining!

    Crypto mining is its own creature in the world of investing. However, is there a way to partake without fearing the weight of taxes? In short, the answer is yes but under certain conditions.

    Is it possible for you to participate in crypto mining and have it be tax-free considering these conditions?

    Along with our trusted chalkboard, we map out the various examples you can use to better understand our teachings. With all this in mind, let’s get started in building your wealth.

    Thank you for taking the time to watch the video. If you enjoyed the content, then please support the channel by liking the video and subscribing. We upload content regularly and hope that you continue to be part of our community. If you have any lingering questions or opinions, head over to the comments section, and we will try our best to respond. We hope you gained something from our channel that will help you build up your wealth. Once again, thank you for your support, and we look forward to having you again.

    0:00 – Intro
    3:48 – First option
    4:58 – Create an additional mining company
    7:37 – The only tax that will be paid
    9:38 – Second option
    10:33 – Setting up an LLC
    12:16 – Using 401k and IRA
    17:18 – Summary

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    #CryptoMining #CryptoTaxes

    View 31 Comments

    31 Comments

    15. Text 👉 CRYPTOGMINERS ON TELEGRAM on

      I keep hearing about their legitimacy all over my the state am glad I could also benefited from them.I just received another profit from their platform as promised its really incredible to have such a paving platform in this crisis period..

    16. Text 👉 CRYPTOGMINERS ON TELEGRAM on

      I keep hearing about their legitimacy all over my the state am glad I could also benefited from them.I just received another profit from their platform as promised its really incredible to have such a paving platform in this crisis period..

    17. Text 👉 CRYPTOGMINERS ON TELEGRAM on

      I keep hearing about their legitimacy all over my the state am glad I could also benefited from them.I just received another profit from their platform as promised its really incredible to have such a paving platform in this crisis period..

    18. message{ BRAINSCOTT805 ON TELEGRAM } on

      SPECIAL REGARDS TO☝️HAVE TRIED SO MANY TYPES OF SOFTWARE NON OF THIS WORKS ON MY PC OR MOBILE PHONE AM ABOUT TO GIVE UP WHEN I SAW SO MANY PEOPLE TALKING ABOUT HIM I NEVER BELIEVE THE SOFTWARE WORKS NOT UNTIL I WITHDRAWAL MY FIRST BTC PROFIT I BELIEVE YOU WILL BE REWARDED SOON

    22. Page Pop on

      So, with the 1st option-is there 2 L.L.C.'s? Can someone clarify? The first box says "Mining" but nothing about it being a business… Is it referring to a mining rig? Also, there are 2 of us in our L.L.C. can we still accomplish #1?

    23. stregagames on

      I’m at the halfway point on the video and had to stop to leave a comment. This guy is insane and like in a positive way! He’s the first one that’s laid out a plan where you get to be the custodian of the account. There are a lot of folks and companies pitching self-directed ROTH IRAs with high fees, but additionally, some folks control the keys. Some of these companies could be outright scams or fold up in a few years. This method is golden, and he’s providing the blueprint for you to take control and own it all. Never forget that nobody in life will take care of you as well as you do. Mr. Mathis, you rock!

    27. PolishGuy on

      Youtube just comes in clutch when youtube teaches you nothing about money lol. Btw check your comments
      Edit: School teaches you nothing i mean’t, not ”when YouTube teaches you nothing*

    28. gitanacowgirl on

      Wow. YOU are a rock-star! I've been mulling over sinking money into a powerhouse machine capable of mining and Metaverse rendering….and you just convinced me to go for it. Now I know how to structure it within my Solo 401K. This is genius.

    30. Jeremy Barlow on

      Why not set up a BVI Corporation owned by the 401(k) plan as a zero tax UBIT blocker? A Crypto mining company is not subject to the economic substance regulations in the BVI requiring it to be managed in the BVI. What is more, a BVI company can get a US Bank account via Wise in the event it needs to cash out the crypto and as the 401(k) is an exempt trust, G.I.L.T.I. and Subpart F rules would not apply to it despite being a CFC.

      Correct me if you think I am misreading Subpart F, and the BVI economic substance rules.

    31. Charles Harmon on

      Great video but high level. Please create a follow up video that is a deeper dive. Looking for details of implementing using section 179 and tax calculations of the mined BTC / dividends from C-Corp to solo 401k. Moving BTC from one wallet to another is not taxable. Sounds like the mining Corp would have to sell a portion of the BTC to cover taxes, etc before issuing a dividend to the 401k. Would be great to see more examples.

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