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Before you file yourself or hand anything to a CPA, the crypto activity has to be reconciled. That is how Georgia investors avoid duplicate disposals, unsupported basis, overstated gains, and preventable tax. Clean records improve accuracy, preserve legitimate deductions and losses, and let you reconcile each 1099-DA against the complete transaction history.
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Georgia crypto investors in Atlanta, Savannah, Augusta, Athens and surrounding metros throughout the state.
Georgia crypto investors in Atlanta, Savannah, Augusta, and Athens face a moderate state rate but the same federal crypto tax work as everyone else. Atlanta tech employees often combine equity comp with crypto, which means basis crypto tax work has to span both. We rebuild the on-chain ledger and hand off CPA-ready 8949, Schedule D, and Schedule 1 inputs. Count On Sheep is your crypto tax service specialist serving Georgia. Your CPA stays your CPA. We produce the crypto inputs, they complete the return.
Applies to every Georgia resident, on top of the state layer above.
Reportable on Form 8949, Schedule D, Schedule 1 (or Schedule C for mining as a trade or business). Count On Sheep produces these inputs from your complete on-chain history.
Georgians are using cryptocurrency for investing, compensation, and commerce. Each use comes with distinct tax reporting requirements. Whether selling assets held for years or receiving crypto as part of a salary, a complete transaction history is essential. Count On Sheep specializes in Digital Asset Reconciliation (DAR). We deliver CPA-ready Form 8949, Schedule D, and Schedule 1 inputs plus supporting workpapers for an accurate Georgia tax return.
For employees and contractors in Georgia's tech sector, receiving compensation in cryptocurrency is common. When paid in a digital asset, you recognize ordinary income equal to the fair market value of the crypto on the date of receipt. This income is subject to federal and state taxes. That value also becomes your cost basis for the asset going forward.
Our service identifies and documents the value of the crypto at the time of receipt, providing a record for your Schedule 1. We then track the basis of these assets, so if you later sell, trade, or spend them, the subsequent capital gain or loss is calculated accurately. This process helps ensure compliant reporting for both income and dispositions.
A Georgia CPA reviewing merchant receipts followed by asset dispositions needs traceable source records. Count On Sheep connects supported acquisitions, transfers, receipts, and dispositions, then lists open questions. The CPA decides the return treatment under current official instructions.
Tracking the basis of crypto used for numerous small purchases presents a challenge. Our reconciliation process addresses this by carefully tracking the cost basis of each lot of crypto you own. When you spend it, we calculate the resulting gain or loss for each transaction, creating a complete report for your Form 8949.
For many Georgia investors, a crypto portfolio is part of a broader investment strategy, which might include stocks, bonds, and real estate. From a tax perspective, capital gains and losses from crypto combine with other capital asset transactions on Schedule D. A loss from crypto can potentially offset gains from stocks, and vice versa, subject to applicable rules.
To allow for this, the crypto data must be accurate. Our service provides a calculation of your net crypto capital gain or loss. Your CPA can then take this documented figure and integrate it with the rest of your investment portfolio to determine your overall tax position. We provide the specialized crypto data; your CPA handles the complete financial picture.
Accurate crypto tax reporting relies on a unified transaction history. Most investors have activity spread across multiple exchanges, wallets, and blockchains. Relying on separate, often incomplete, reports from each venue can lead to errors. A consolidated ledger that tracks your assets as they move between platforms is necessary.
This unified history is central to our Digital Asset Reconciliation service. We aggregate your data from every source, match transfers between your own accounts, and create one chronological record of your entire crypto activity. This provides the record from which all accurate tax calculations can be made. It is a foundational step that enables subsequent reporting.
As a hypothetical illustration, consider a software developer who receives a portion of their monthly salary in stablecoins, paid to a self-custody wallet. They hold these stablecoins for several months and then swap them for another cryptocurrency on a decentralized exchange. Each of these steps has a tax consequence based on transaction records.
Our reconciliation documents the value of the stablecoins on each payday, which is reported as ordinary income. This value is also the cost basis. When the developer swaps the stablecoins for another asset, we calculate the capital gain or loss, which must be reported. The new asset then has a cost basis equal to its value at the time of the swap. This creates a detailed, multi-stage record for their CPA.
Count On Sheep is not a CPA firm and does not prepare or file tax returns. Our mission is to provide crypto tax reconciliation services that support tax professionals. We deliver a professional package to your CPA, including data for Form 8949, Schedule D, and Schedule 1, along with workpapers.
the package is designed for CPA review who serve Georgia taxpayers, helping them with the complexities of digital assets for their clients. By entrusting data reconciliation to us, your CPA can focus on strategic tax advice and ensure federal and state returns are filed accurately.
The Georgia Department of Revenue is the authority for all state tax matters. Georgia refers to federal tax law for many definitions and treatments. For crypto investors, this means the federal treatment of digital assets as property, subject to capital gains rules, is the standard for Georgia as well.
The Georgia workpaper treats merchant receipts followed by asset dispositions as an evidence issue. Exchange files, wallet history, broker statements, and supplied documents establish the record. A CPA applies current Georgia Department of Revenue: Individual Taxes instructions outside the DAR engagement.
Georgia's individual income tax rate for 2025 is 5.19 percent. Suppose a taxpayer sells crypto for $85,000 and DAR supports $60,000 of basis, producing a $25,000 gain before federal netting and any Georgia adjustments. Multiplying $25,000 by 5.19 percent gives $1,297.50. That figure is only a state-rate illustration. The actual Georgia return starts from the taxpayer's broader federal and state income calculation, not from one transaction in isolation.
The reconciliation work establishes why the gain is $25,000 rather than the $85,000 gross proceeds shown by the broker. We trace the acquisition, owned-wallet movements, sale, and fees, then deliver the result through CPA-ready Form 8949 and Schedule D inputs. Crypto income is separated for Schedule 1 support. Count On Sheep does not prepare Georgia Form 500 or estimate final tax. The taxpayer's CPA or self-filing workflow applies state adjustments, credits, and the rest of the 2025 return.
Georgia discontinued Form 500EZ for tax years beginning on or after January 1, 2025. Individual taxpayers use Form 500, even when their non-crypto finances once fit the shorter form. Crypto reporting still begins with the federal schedules: each supported disposition feeds Form 8949, the totals move to Schedule D, and supported income receipts are organized for Schedule 1. The state form change does not reduce the need for the underlying lot and wallet evidence.
Count On Sheep delivers the digital asset portion in a format that a CPA can connect to the completed federal return before beginning Georgia Form 500. We include a transaction ledger, form-ready inputs, and an exception report rather than a Georgia return. The CPA or self-filer owns the federal filing, carries the appropriate figures into Form 500, and follows the current attachment and electronic-filing instructions. Our role ends with Digital Asset Reconciliation and a documented handoff.
Georgia's original 2025 instructions reflected a January 1, 2025 federal conformity cutoff. House Bill 1199, signed March 20, 2026, later updated Georgia's conformity date to federal law enacted on or before January 1, 2026 for tax years beginning on or after January 1, 2025, subject to state exceptions. That later change is a return-preparation issue, not something a wallet import can resolve. The crypto workpapers should identify the tax year, report version, and transaction classifications so the preparer can evaluate any federal-to-Georgia difference against a stable record.
Our delivery includes dated federal schedule inputs plus a change log for corrections made after the initial review. If the CPA changes a federal treatment or election, we can show which transaction records support the revised output without deciding the Georgia adjustment. Count On Sheep does not interpret conformity legislation or file returns. The CPA applies the law in effect for the 2025 Georgia return and controls the final numbers. A self-filer makes those decisions within the chosen filing process.
Exchanges lose data, wallets get abandoned, chain history fragments. Reconstructing accurate cost basis across years of trading is the largest source of error on a crypto return.
Liquidity pool entries, yield farming, cross-chain bridges, wrapped tokens, restaking. Each creates taxable moments most consumer software misses or misclassifies.
Many crypto investors discover years of unreported trades after receiving an IRS letter. Back-year reconstruction and voluntary disclosure planning is part of what we deliver.
Atlanta tech-employee equity-plus-crypto stacks needing combined basis crypto tax work
Georgia static conformity gaps when federal crypto rules change mid-year
Reviewed September 2026. These first-party resources support the general federal and state information on this page. Your CPA applies the current instructions to your return; Count On Sheep supplies the reconciled crypto records and form-ready inputs.
Follow the Georgia service path into the national forms, basis, DeFi, and reconciliation guidance behind the local engagement.
See how Count On Sheep turns exchange, wallet, DeFi, NFT, and income activity into one CPA-ready reconciliation package.
Understand broker-reported proceeds, transferred assets, missing basis, and the records needed to reconcile the form.
Follow the evidence path from prior exchanges and self-custody wallets to supported Form 8949 basis.
Learn what to preserve for liquidity pools, staking, lending, bridges, NFTs, and related income or disposal events.
Review the Form 8949, Schedule D, income, cost-basis, and supporting workpapers delivered after reconciliation.
From anywhere in Georgia.
You connect read-only access to your exchanges and share wallet addresses. CSV exports work too.
We pull and reconcile every wallet, exchange, and DeFi interaction into one ledger with cost basis, holding period, and proceeds per lot.
A senior crypto tax service specialist reviews edge cases. Manual basis splits, DeFi classifications, bridge events, restaking, NFTs.
You get CPA-ready Form 8949, Schedule D, Schedule 1 inputs (and Schedule C for mining), plus full workpapers. Hand to your CPA, or load into TurboTax.
For Georgia, Count On Sheep performs Digital Asset Reconciliation. We rebuild exchange, wallet, broker, and DeFi activity into CPA-ready Form 8949, Schedule D, and Schedule 1 inputs. The Georgia CPA or the taxpayer's self-filing workflow handles the return itself.
No. Count On Sheep is not a CPA firm and does not prepare or file the Georgia return. We deliver the reconciled crypto schedules and supporting workpapers. The Georgia return preparer combines those records with wages, businesses, deductions, elections, residence facts, and every other part of the filing.
Crypto compensation alongside equity records can change which source records a Georgia CPA needs. Count On Sheep traces the relevant Georgia transactions, preserves dates and ownership, and documents unsupported items rather than assigning a state tax conclusion without evidence.
A Georgia review of merchant receipts followed by asset dispositions can require exchange exports, public wallet addresses, transaction identifiers, prior Form 8949 files, broker statements, and documents that explain ownership or purpose. Count On Sheep organizes the Georgia crypto evidence and flags anything the CPA must resolve.
The Georgia broker proceeds still need to be reconciled to the full ownership history. Count On Sheep traces assets through prior exchanges and self-custody, supports available basis and acquisition dates, and prepares a Georgia workpaper that connects the broker form to Form 8949 inputs.
The Georgia package contains transaction-level disposition detail, Schedule D summaries, digital-asset income inputs, transfer matching, closing lots, broker-form reconciliation, and documented exceptions. Each material Georgia number is tied to a source record or a clearly stated assumption.
Georgia meetings are held by video conference, which keeps scheduling fast for both sides. Documents move through a secure portal and are reviewed together on screen, so the full engagement happens without a trip to an office.
Yes. That is exactly the point. Our deliverable drops directly into the workflow your CPA already uses. Schedule D totals, 8949 detail, Schedule 1 inputs for staking and airdrops, and reconciliation workpapers behind every number.
Yes. If you self-file, the Count On Sheep deliverable plugs into TurboTax. You enter the 8949 totals (or import where supported), and our workpapers back up every line if you ever need to defend it.
Exchange account access or CSV exports, wallet addresses for every chain you have transacted on, any prior-year tax returns that touched crypto, and a brief on your DeFi activity. We scope Georgia engagements from there.
Book a meeting to walk us through your account. We will review the scope and provide a written quote before any work begins.
Count On Sheep is a USA-based team of crypto tax service specialists. Former Big 4 accountants and CPA leadership, now crypto-native blockchain tax experts. We do hands-on crypto tax work for high-volume investors, funds, founders, and active traders, including Georgia residents from Atlanta, Savannah, Augusta and beyond.
We don't file taxes. We don't replace your CPA. Most CPAs don't do crypto, that's the gap we fill. We bridge DeFi and TradFi to produce the 8949, Schedule D, and Schedule 1 inputs your CPA can drop into your return.
