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Before you file yourself or hand anything to a CPA, the crypto activity has to be reconciled. That is how Louisiana 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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Jon AbramsGoogle ReviewChoose a free scoping call or a paid consultation with a former Big Four auditor. We will review your Louisiana crypto tax situation and map the cleanest path to filing-ready records.
Louisiana crypto investors in New Orleans, Baton Rouge, Shreveport, Lafayette and surrounding metros throughout the state.
Louisiana crypto investors in New Orleans, Baton Rouge, Shreveport, and Lafayette face a moderate state rate but often have records gaps from storms or job changes. Because on-chain history lives on the blockchain, we can rebuild the ledger from read-only wallet and exchange access regardless of what local records survived. We hand off CPA-ready 8949, Schedule D, and Schedule 1 inputs. Count On Sheep is your crypto tax service specialist in Louisiana. Your CPA stays your CPA. We handle the crypto math, they manage the filing.
Applies to every Louisiana 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.
Count On Sheep offers a specialized crypto tax reconciliation service for Louisiana residents. We understand the challenges faced by investors, including professionals in the oil and gas industry with side portfolios and those who may have gaps in their records. Our process creates a complete, CPA-ready transaction history for Form 8949 and Schedule D, providing the data your tax preparer needs for your federal and Louisiana filings.
For Louisiana residents, the possibility of losing local records due to a hurricane or other event is a real concern. Fortunately, when it comes to cryptocurrency, most of your transaction history is preserved independently of your personal files. We can rebuild your crypto ledger even if your own records are lost.
Using read-only access to your exchange accounts and public wallet addresses, we pull data directly from exchange APIs and blockchain explorers. This on-chain history is permanent and allows us to reconstruct your portfolio from scratch. We can trace your transfers, establish your cost basis, and create a new, complete record for your CPA, helping to ensure a local disaster does not affect your tax compliance.
Many professionals in Louisiana's oil and gas sector have diversified into digital assets. Managing these side portfolios requires the same level of diligence as any other investment. We specialize in providing a clear, per-lot accounting of your crypto holdings. This means we track the cost basis and acquisition date for each purchase separately.
This level of detail is important for accurate gain and loss calculations and for tax planning. Our reports provide your CPA with a clear picture of your short-term and long-term holdings, enabling them to work with you on your overall financial strategy. We handle the crypto reconciliation so you and your advisor can focus on the big picture.
The practical Louisiana task is to document opening lots that predate a state-law change without inferring a state conclusion from wallet activity. DAR supplies the transaction chronology and supporting workpapers. The taxpayer's CPA applies current authority guidance to the full return.
Our job is to provide the factual record of these events. We produce a detailed ledger of your transactions so that your CPA can apply the specific tax laws and rates currently in effect in Louisiana. We are not a law firm or a CPA firm; we are digital asset accounting specialists who provide the foundational data for supported return preparation.
Digital Asset Reconciliation (DAR) is the process of creating a unified history of all your crypto transactions. We integrate data from your various exchanges, wallets, and on-chain activities to build a complete financial record. This process is designed to solve challenges in crypto tax reporting.
DAR bridges the basis information gaps common with Form 1099-DA, accounts for income from staking and DeFi that is not reported elsewhere, and provides a clear audit trail for every asset. The final output is a set of workpapers, including the data for Form 8949, that your CPA can use to file your return with accuracy.
Consider this scenario as an illustration. An investor in New Orleans has been buying crypto for years using multiple exchanges. They lose their laptop in a storm and no longer have their old spreadsheets or login details for a now-defunct exchange. They fear their records are gone forever.
Our process would begin by working with them to regain access to their active accounts. We would then use blockchain analysis to trace the inbound transfers to these accounts, identifying the wallets from the old exchange. By analyzing bank statements for deposits to that old exchange, we can reconstruct the original purchase history. This forensic work turns a difficult situation into a clean, CPA-ready ledger.
The practical Louisiana task is to document storm-related loss of exchange or device records without inferring a state conclusion from wallet activity. DAR supplies the transaction chronology and supporting workpapers. The taxpayer's CPA applies current authority guidance to the full return.
We trace token swaps, liquidity provisions, NFT mints, and sales, creating a chronological record of your on-chain financial life. This detailed accounting ensures that your CPA has a full picture of your digital asset activity, not just what is reported by centralized exchanges. The result is a supported and organized tax return.
The goal of our service is a smooth handoff to your tax professional. We provide a package containing your reconciled transaction history, capital gains report, and income summary. This allows your CPA to integrate your crypto activity into your overall tax filing.
Count On Sheep is a reconciliation service focused exclusively on digital asset accounting. We do not prepare or file tax returns. By focusing on this one complex area, we provide a level of detail and accuracy that supports the work of CPAs across Louisiana. The workflow serves taxpayers statewide via secure video conferencing.
Louisiana replaced its prior graduated individual income tax rates with a flat 3% rate for taxable periods beginning on or after January 1, 2025. The 2022 through 2024 brackets ranged from 1.85% to 4.25%. When crypto records cross that boundary, each disposal and income receipt needs its true year. A 2024 transaction discovered during a 2025 cleanup does not become a 2025 event merely because the reconciliation happened later.
Original transaction dates, tax-year ledgers, and closing-to-opening lot bridges remain intact in DAR. Count On Sheep documents the source behind proceeds, basis, and receipt values, then formats the results for Form 8949, Schedule D, and Schedule 1 review. Louisiana Form IT-540 preparation and state treatment are outside the engagement. After the crypto years are separated accurately, the return preparer or taxpayer applies the correct rate structure, standard deduction, credits, and other filing facts.
Louisiana individual returns and payments for calendar-year taxpayers are due May 15 of the following year, one month after the usual federal April deadline. That extra month is not a substitute for complete source collection. Closed-exchange requests, wallet ownership checks, missing-bank-record searches, and pricing exceptions often need several review cycles before a Form 8949 package is stable enough to hand to the return preparer.
A practical Louisiana sequence starts with account inventory, continues through transfer matching and basis reconstruction, and ends with an exceptions review before form inputs are finalized. Count On Sheep performs those DAR steps and delivers the reconciled digital-asset schedules. It does not file an extension, calculate a payment, or submit the Louisiana return. Deadline and filing control stays with the CPA or taxpayer, including use of Louisiana’s automatic six-month filing extension and observance of the unchanged payment deadline.
Louisiana instructs taxpayers amending an individual return to use the form for the year being corrected, explain the changes, and include a federal Form 1040-X when one was filed. A crypto reconstruction can support that explanation with a before-and-after schedule. The schedule should identify missing transactions, corrected transfer matches, revised basis, affected gain or income totals, and the source that resolved each item. Unsupported assumptions should remain visible instead of being recast as facts.
Count On Sheep can rebuild the digital-asset ledger and issue corrected disposal lines for Form 8949, a revised Schedule D summary, and Schedule 1 income inputs for CPA review. It does not decide whether an amendment is required, prepare IT-540 or IT-540B, or calculate tax, penalty, and interest. That return work belongs to the tax professional or taxpayer. DAR provides the evidence trail, with each revised number linked to an exchange file, wallet transaction, bank record, prior workpaper, or clearly labeled exception.
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.
Oil-and-gas industry professionals with side crypto portfolios needing per-lot basis tracking
Disaster-recovery years (storms) creating gaps in records that require reconstruction
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 Louisiana 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 Louisiana.
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 Louisiana, 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 Louisiana 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 Louisiana return. We deliver the reconciled crypto schedules and supporting workpapers. The Louisiana return preparer combines those records with wages, businesses, deductions, elections, residence facts, and every other part of the filing.
Opening lots that predate a state-law change can change which source records a Louisiana CPA needs. Count On Sheep traces the relevant Louisiana transactions, preserves dates and ownership, and documents unsupported items rather than assigning a state tax conclusion without evidence.
A Louisiana review of storm-related loss of exchange or device records 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 Louisiana crypto evidence and flags anything the CPA must resolve.
The Louisiana 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 Louisiana workpaper that connects the broker form to Form 8949 inputs.
The Louisiana 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 Louisiana number is tied to a source record or a clearly stated assumption.
Louisiana 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 Louisiana 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 Louisiana residents from New Orleans, Baton Rouge, Shreveport 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.
