IRS
IRS Letters 6173, 6174, 6174-A: What to Do
Got an IRS crypto letter? Learn the difference between Letters 6173, 6174, and 6174-A, and exactly how to respond in 2026.
Garrett Taylor 10 min read
The Count On Sheep Crypto Tax Blog
Crypto tax insights and concepts made easy to understand and reviewed by a Former Big 4 CPA. All blog posts are for educational purposes only and do not constitute tax advice.
IRS
Lost or Stolen Crypto: Are Losses Deductible in 2026?
Can you deduct lost, stolen, or hacked crypto on your 2026 taxes? Learn the TCJA rules, abandonment strategy, and what to document.
Garrett Taylor 10 min read
DeFi
NFT & DeFi Taxes: Liquidity Pools, Staking, Lending
How NFTs, liquidity pools, DeFi staking, and lending are taxed in 2026. Includes the 28% collectible rate risk and LP tax traps.
Garrett Taylor 11 min read
IRS
Per-Wallet Crypto Cost Tracking: Rev Proc 2024-28
Rev. Proc. 2024-28 requires per-wallet crypto cost basis tracking. Learn the new rules, safe harbor deadline, and how to comply.
Garrett Taylor 10 min read
IRS
Taxable vs Non-Taxable Crypto Events: 2026 Cheat Sheet
Which crypto transactions trigger taxes in 2026? A clear cheat sheet of taxable vs non-taxable events, with real examples for each.
Garrett Taylor 10 min read