DeFi • NFTs • Trades • Transfers CPA-ready reports Crypto Blog
Crypto tax help when your report looks “off”
Fix cost basis • Match transfers • Clean up history

Fix your crypto tax report before you file.

If you traded, bridged, used DeFi, or touched NFTs, the hard part usually isn’t “filing” — it’s getting clean transaction history so your gains/losses and income are accurate.

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Fix “unknown cost basis” Stop inflated gains before tax time.
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Match transfers correctly So wallet moves don’t look like sells.
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Handle DeFi & NFTs LPs, bridges, staking, airdrops, mints & more.
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CPA-ready outputs Clean reports your accountant can use.

How this works (plain English)

Most crypto tax offers are simple: you open a new account, complete any required verification, and then qualify by meeting the funding or activity requirements shown on the offer page. The key is to understand what counts (deposit type, minimum amount, timing) and what doesn’t (transfer types that don’t qualify, partial requirements, or wrong market/products).

If you’re new, focus on the “minimum steps” first: create the account, verify, fund with the correct method, and only then explore extra perks like task centers, rebates, or tiered rewards.

Common mistakes people make

  • Clicking the wrong link: bonuses often require using a specific entry link or referral path.
  • Missing a deadline: some promos require funding within a set time window after signup.
  • Assuming all deposits qualify: certain deposit types or internal transfers may not count.
  • Overtrading to “earn it”: chasing rewards with unnecessary trades can cost more in fees.

What most people misunderstand

A “bonus” is not free money if you ignore the fine print. The real question is: what is the net benefit after fees, spreads, and your plan? If you’re a long‑term investor, you usually want the cleanest path (fund, buy, hold). If you’re an active trader, you care more about fee tiers, liquidity, and platform reliability than a one‑time promo.

Not a fit if…

  • You’re planning to trade frequently but don’t understand fees/spreads/liquidation risk (for futures).
  • You’re only here for a bonus but can’t meet the minimum funding/verification requirements.
  • You need instant withdrawals on day 1 (many platforms have hold periods for new accounts).
  • You prefer to avoid custodial platforms entirely and want self‑custody only.
Tip: If there’s a current discount, special consult option, or limited-time deal, you’ll see it after clicking the button.
What “cleaned up” looks like (example)
Open Now →
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Crypto tax preparation highlights and key benefits

Quick Links (Start Here)

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Reviews / Legit?

Who it’s for, what they do, and what to expect from a specialist crypto tax service.

Count On Sheep Reviews →
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Best Crypto Tax Software

Compare DIY tools vs specialist help—especially for DeFi, NFTs, and many wallets.

Best Crypto Tax Software →
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How to File Crypto Taxes

Step-by-step: records, taxable events, cost basis, DeFi/NFTs, and reports.

How to File Crypto Taxes →

Just want this handled?

If you have multiple wallets, DeFi, NFTs, staking, airdrops, or a report full of “unknowns,” a cleanup service can save a lot of time (and mistakes).

Never share seed phrases or private keys. Any legit service will not ask for them.
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Crypto Tax Blog (Guides & Checklists)

Start with the basics

These guides help you understand taxable events, cost basis, transfers, DeFi/NFT complexity, and futures/perps reporting. If your report already looks “off,” skip ahead to cleanup.

Internal tip: link to these posts from your DeFi, trading, and copy-trading pages — it helps Google connect your topic clusters.

Crypto Taxable Events (What Usually Counts)

Common taxable events

Rules vary by country and situation, but these are frequent sources of crypto tax reporting:

  • Selling crypto for fiat
  • Swapping crypto (crypto-to-crypto trades)
  • Staking / rewards and some airdrops
  • DeFi activity (bridges, LPs, lending, farming)
  • NFT activity (mints, sales, royalties)

What’s often NOT taxable

A simple wallet-to-wallet transfer is often not taxable by itself — but it can appear taxable if transfers aren’t matched correctly or wallets are missing.

Example crypto tax report and transaction history reconciliation

The goal: accurate cost basis + matched transfers + categorized activity → reports your CPA can actually use.

Why Crypto Tax Reporting Breaks

The most common issues

Most “bad” crypto tax reports aren’t because you did something illegal — they’re because the data is incomplete or mislabeled.

  • Missing cost basis (inflated gains)
  • Transfers misclassified as sells
  • DeFi complexity (LPs, bridges, lending, farming)
  • NFT activity that doesn’t map cleanly
  • Many wallets/exchanges that don’t reconcile

More help

If you’re building systems around trading/copy trading/DeFi, taxes are part of the game. Browse the blog and link out from your strategy pages back to this hub.

Before You File: Quick Prep Checklist

1) Make your data complete

List every exchange + wallet you used. Missing one can cause “unknown cost basis” and bogus gains.

2) Label transfers

Transfers should match from A → B. If they don’t, software may treat a move as a sell.

3) Categorize DeFi/NFTs

Bridges, LPs, staking, airdrops, mints—these often need cleanup so your report reflects what really happened.

When DIY Software Is Enough (And When It Isn’t)

DIY can work if…

  • You used 1–2 exchanges
  • Mostly spot trades
  • Few transfers
  • Minimal DeFi/NFTs
  • No “unknown cost basis”

Specialist makes sense if…

  • Multiple wallets + exchanges
  • You bridged chains or used DeFi
  • NFTs, staking, airdrops, rewards
  • Your report looks “off”
  • Multi-year cleanup needed

Fastest path

If you’re already stressed, skip the rabbit holes and open Count On Sheep.

Common Crypto Tax Mistakes (That Inflate What You Owe)

Unknown cost basis

If the system can’t see your buy price, it may assume $0 cost basis (worst case) and overstate gains.

Transfers treated like sells

Missing wallets or mislabeled transfers can create fake taxable events.

DeFi/NFT misclassification

Bridges, LP tokens, and NFT activity can get categorized incorrectly unless you clean the history.

Want the safest move?

Get the history cleaned up first, then file with confidence. If there’s a current deal, you’ll see it after clicking through.

Crypto tax support illustration with checklist and receipts

What this feels like when it works

“My report was a mess — transfers looked like sells and cost basis was missing. After cleanup, the numbers finally made sense and I could hand it to my accountant.”
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Sarah M. • Verified User ★★★★★
“If you’ve done DeFi + multiple wallets, DIY tools can spiral. Getting a CPA-ready report instead of guessing was worth it.”
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Matt • Verified User ★★★★★

FAQ

Do I need to report every crypto transaction?

In most cases, yes — taxable gains/losses and income are derived from transaction history. The key is having complete, properly labeled history.

What does “unknown cost basis” mean?

It usually means the tool can’t determine what you paid for an asset, which can inflate gains. Don’t file until it’s reconciled.

Are crypto-to-crypto trades taxable?

Often, yes — swapping one crypto for another can count as disposing of one asset and acquiring another. Rules vary by jurisdiction and circumstance.

Will Count On Sheep ask for my private keys?

No service should ever ask for seed phrases or private keys. Never share them.

Affiliate Disclosure: This page includes affiliate links. If you use them, I may earn a commission at no extra cost to you.
Not tax advice. Educational purposes only.
Need a CPA-ready crypto tax report? Fix cost basis + match transfers + clean up history
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