Keep More of Your
Hard-Earned Crypto.
The 2025/26 Crypto Tax Guide. Your shortcut to stress-free crypto taxes. Save time, money, and energy.
24 pages built for action, not theory.
Crypto Tax vs Traditional Tax
Why a crypto tax service belongs before your CPA, not instead of one. Side-by-side comparison and the bridge between DeFi and TradFi.
Digital Asset Reconciliation (DAR)
The step most people skip. Gather, reconcile, hand off CPA-ready inputs that fix cost basis and kill phantom gains.
3 Core Principles
Hold long, owe less. Use losses on purpose. Track every wallet, all year. The three ideas that drive every other decision.
Form 1099-DA: The Gap
What exchanges report, what they don't, and the $0-basis trap that costs the average filer thousands.
Per-Wallet Cost Basis (Rev. Proc. 2024-28)
The rule that changed everything in 2025. What it means, what to do, and the math that justifies the work.
FIFO vs HIFO vs Spec ID
The methods, the IRS requirements for Spec ID, and worked examples so you pick the one that actually fits your activity.
NFTs, DeFi, Staking, Mining
How the IRS treats yield, swaps, LP deposits, restaking, airdrops, hard forks, and mining-as-business.
Tax-Loss Harvesting
The wash-sale rule (and why it doesn't apply to crypto yet), plus a December timeline you can actually run.
FBAR, Form 8938, Foreign Exchanges
When a Binance.com balance triggers reporting, when it doesn't, and the penalties for getting it wrong.
How to File: Form 8949 + Schedule D
The 12-row "What Form Do I File For ___?" master cheat sheet. Plus common adjustment codes (B, D, L, N, O, T).
IRS Letters 6173, 6174, 6174-A
What each letter means, what the IRS already knows, and how to respond without making things worse.
The 2025/26 Crypto Tax Checklist
22 actionable, printable items across 5 phases. Tape it to the wall and work through it before you file.
Read it. Print the checklist. File with confidence.
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Call (858) 434-7547Educational use only. This guide and page are published for general educational and informational purposes. Nothing here is tax, legal, accounting, or financial advice, and downloading or reading this material does not create a client, advisor, or fiduciary relationship of any kind with Count On Sheep, LLC or its affiliates.
Count On Sheep, LLC does not claim authorship, ownership, or originality over the underlying tax rules, IRS guidance, statutes, regulations, court rulings, forms, or procedures referenced in this guide. All such material is the work of the U.S. government and the broader tax-research community and is summarized here for educational convenience only. Where third-party sources informed any section, credit belongs to those original authors and authorities.
Tax laws change frequently and individual situations vary. Always consult a qualified tax professional licensed in your jurisdiction before acting on anything you read here. IRS rules cited are current as of May 2026.