CountOnSheep | Crypto Tax
@countonsheep
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We are the #1 crypto tax reconciliation & preparation firm. $50 million+ in tax savings generated. Daily Crypto Tax Tips Free consultation đ
Joined September 2023
Crypto tax is such a mess.... It's the last thing you want to think about when you have a busy life. And we believe we have the solution. Here's how our process works: 1) Book a free onboarding call to assess your situation while discussing wallets, exchanges, transaction
Like every year, I'm trying to do my tax report. I have over 17k tx in different blockchains in 2025. I have tried several software, but none of them are capable of performing the calculation without manual review, and doing so on over 17k tx is a task that could take weeks, if
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Big news: Koinly just published our latest article, written by our Head of Tax, breaking down Form 1099-DA, why most forms will be wrong, and exactly how to fix them before you file.
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Over 13.4 million cryptocurrencies have died since 2021
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The IRS is about to see every dollar you made in crypto. But probably not what you paid for it. Here's what's happening: If you traded on custodial exchanges (Coinbase, Kraken, Gemini, etc.) in 2025, they're sending Form 1099-DA to the IRS. This form reports your GROSS
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Staking rewards are taxed TWICE: Once when you receive them (ordinary income at fair market value) Again when you sell them (capital gains/losses) Example: Staked ETH, earned 1 ETH reward worth $3K You owe tax on $3K immediately (even if locked) Later sell for $3,500 = you
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PSA: If you sent crypto between your own wallets in 2025, mark them as âtransfersâ in your records. Most tax software defaults these to âtaxable tradesâ and will massively inflate what you owe. Moving $50K from Coinbase to your Ledger? Not taxable. If you donât fix it the IRS
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Service Clarification: We're not software. We're not AI bots. We're actual tax pros who live and breathe crypto. While tax software gives you a mess of transactions and says "good luck"... We manually review everything, catch the errors, find the deductions, and hand you
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We get clients every now and then who have had funds stolen in these pig butchering scams. It's always so unfortunate to hear their stories. It's good to see justice being served.
BILLIONAIRE SCAM EMPIRE FOUNDER CHEN ZHI TRANSFERRED TO CHINA Chen Zhi, the âpig butcheringâ scammer who ran âPrince Groupâ, has been transported to China. Prince Group was a $40 Billion scam empire that has been under Chinese criminal investigation since 2020. Previously, we
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EU heads up! đ
Damn. Under the EUâs DAC8 reporting rules, crypto exchanges and service providers have to gather your tax IDs, verify your identity, and share your activity with EU tax authorities automatically. Historical and future trades, transfers, swaps - ALL of it gets reported. Thatâs
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EU residents now have no choice but to get compliant. If you are in the EU and want to save the max amount on your crypto tax, while becoming compliment, book with us now. We serve clients in all major nations.
THE EU HAS OFFICIALLY ENDED CRYPTO PRIVACY WITH DAC8 As of January 1, 2026, the DAC8 law is live across the European Union. This marks the definitive end of anonymous crypto holdings for every resident in the member states. What this means for you: Automatic Reporting: Every
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This tax season is the big one where âI didnât knowâ really wonât fly. More data sharing, better reporting, and cleaner blockchain analytics mean mistakes are easier to spot than ever. If you touched crypto last year, accuracy matters now.
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The easiest crypto tax year is the one you plan from day one. One wallet tracker. Consistent records. Monthly check-ins. Do that in January and tax season becomes a formality instead of a fire drill.
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A lot of people are going to be surprised by their 1099-DA: For 2025 activity, brokers are required to send the IRS gross proceeds, even if cost basis is missing, incomplete, or not legally reportable. Hereâs whatâs going on: Many crypto assets are still treated as non-covered
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January is when most crypto tax problems are created. New wallets, new exchanges, new strategies,and no tracking. If you donât set up good records now, April will be expensive.
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Heads up: This just went live for crypto tax data collection in 48 countries ahead of CARF implementation.
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Your 2025 crypto tax bill is now locked. What you do in 2026 wonât change it. Start organizing now and tax season becomes easy instead of painful.
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