Calculate Your Celsius Losses Correctly.
A focused, self-paced course built by former Big 4 accountants and a licensed CPA at Count On Sheep. It walks Celsius account holders through their losses, the recovery distribution, and tax reporting, step by step.
570+ courses sold to Celsius account holders
- ✓Calculate your actual loss using the right cost basis and recovery values
- ✓Treat the BTC, ETH, and Ionic stock distribution correctly on your return
- ✓Report cleanly on Form 8949 and Schedule D with a defensible paper trail
Which Celsius situation is yours?
The right treatment depends on how you held funds and what you received back. The course covers each case.
You had funds in Celsius Earn. Calculate your loss correctly and report it on the right forms.
Custody is treated differently from Earn. Know what is reportable, what is not, and when.
You received BTC, ETH, or Ionic stock in the distribution. Assign the right basis and report it cleanly.
Your preparer is not crypto-native. Hand them clean numbers and the documentation that backs them up.
From your records to a filed return.
Nine modules that take the Celsius situation apart and put your numbers back together on the right forms.
The Celsius timeline
What happened, what the court ruled, and the dates that matter for your tax reporting.
Gathering your records
The exact Celsius statements, exports, and court filings you need before you calculate anything.
Calculating your loss
Measure your actual loss, accounting for the partial recovery in BTC, ETH, and stock.
Capital loss vs. other loss
How the IRS treats each part of the situation, and the framework for sorting it out.
The recovery distribution
Cost basis, holding period, and timing for the BTC, ETH, and Ionic shares you received.
Form 8949 and Schedule D
How the calculated loss flows onto the IRS forms, line by line, with worked examples.
Common pitfalls
The reporting errors we see most often when people handle this alone, and how to avoid them.
Documentation you will need
A record-keeping checklist so your position is organized and defensible if the IRS asks.
What to tell your CPA
Exactly what to hand a preparer who is not crypto-native so they can finish your return.
From the team that does this every day.
Count On Sheep is built on former Big 4 accountants and a licensed CPA who handle crypto tax reconciliation for individuals, traders, founders, and businesses.
We built this course because we have walked clients through the exact Celsius situation. The rules around these losses are dense, so we put the professional approach into a course you can follow yourself.
Lifetime access on Whop. Self-paced.
Calculate your Celsius loss the right way.
Built by the same team that reconciles crypto for clients every day. You get a clear loss calculation and a documentation trail you can stand behind, whether you file yourself or hand it to your CPA.