Crypto Tax Filing Guide
How to File Crypto Taxes — Step-by-Step
The process is straightforward in theory. The hard part is getting clean, accurate data — especially with multiple wallets, DeFi, and NFTs. Here's how to handle it.
The process is straightforward in theory. The hard part is getting clean, accurate data — especially with multiple wallets, DeFi, and NFTs. Here's how to handle it.
Jump to the most important steps.
How complex is your crypto tax situation?
Before you can calculate anything, you need a complete picture of your activity.
Not every crypto transaction triggers a taxable event — but many do.
Cost basis is the foundation of accurate crypto tax reporting.
Complex on-chain activity requires careful classification.
What the final output should look like before it goes to your CPA or filing platform.
Clean, reconciled data your tax preparer can use without hunting for corrections or missing information. No unknown cost basis, no duplicates, no misclassified transfers.
The signals that a specialist is the right move for your situation.
More resources on crypto taxes.
Full review of what Count On Sheep does, who it's for, and how to get started.
How Count On Sheep compares to DIY crypto tax software options.
Compare tools and services — and know when each is the right fit.
The full crypto tax resource center on CryptoSchool.cc.
Common questions about filing crypto taxes.
Generally yes — your gains, losses, and income are derived from transaction history. Check current IRS guidance for your jurisdiction.
That's where cost basis and transfer matching issues usually happen. Specialist reconciliation can significantly help with accuracy.
That's often caused by missing cost basis or misclassified transfers. Don't file until the data is reconciled — inflated numbers can lead to overpaying or audit issues.