Key Facts About Crypto Tax in Nevada
Nevada has no state income tax, federal is the whole game. Las Vegas and Reno attract crypto-active residents from California, often arriving with multi-year unresolved portfolios from before they relocated.
- Nevada has no state income tax, crypto gains are taxed only at the federal level.
- Federal reporting still requires Form 8949, Schedule D, and the digital-asset question on Form 1040.
- Recent California exiles often need multi-year backlog Rebuilding cost basis across both states.
- Reno-Tahoe area miners and node operators need daily reward stream reconstruction.
- Count On Sheep produces CPA-ready 8949 and Schedule D inputs, your CPA files.
Phone: (858) 434-7547
From Las Vegas to every metro in Nevada
Nevada crypto investors in Las Vegas, Reno, Henderson, North Las Vegas and surrounding metros, served remotely from anywhere in the state.
Nevada residents in Las Vegas, Reno, and Henderson pay no state income tax, but federal crypto tax work is identical to anywhere else. Many recent California arrivals carry multi-year backlogs. We pull every wallet, exchange, and DeFi protocol into one ledger, including across former-residency periods, and hand off CPA-ready 8949, Schedule D, and Schedule 1 inputs. Count On Sheep is your crypto tax professional for Nevada. Your CPA stays your CPA. We handle the crypto, they file the federal return.
Keep your CPA. We do the crypto.
Your CPA handles your business return, your W-2, your K-1s, your real estate. We are the crypto tax professionals who handle the wallet, exchange, and DeFi side, for Nevada residents and beyond.
Former Big 4 + CPA leadership
Our team came up inside Big 4 firms and CPA leadership roles, then went deep into crypto. Same audit-grade discipline that ran public-company engagements, applied to your wallet history.
USA-based, hands-on team
A senior crypto tax professional reviews every engagement. No offshore data-entry pipeline, no automated black box. Every edge case, basis split, and DeFi classification is handled by humans here.
We stay in our lane
We don't file your taxes. We don't replace your CPA. We do the part most CPAs and most software can't, the crypto. Then your CPA files, or you file with TurboTax.
How Nevada treats crypto for tax
Federal Crypto Tax Treatment (applies in Nevada)
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.
What we untangle for Nevada crypto investors
Four steps, start to finish
From anywhere in Nevada.
Connect
You connect read-only access to your exchanges and share wallet addresses. CSV exports work too.
Reconcile
We pull and reconcile every wallet, exchange, and DeFi interaction into one ledger with cost basis, holding period, and proceeds per lot.
Specialist Review
A senior crypto tax professional reviews edge cases. Manual basis splits, DeFi classifications, bridge events, restaking, NFTs.
CPA-Ready Reports
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.
Clean files, ready for your CPA
When the crypto tax work is done, you receive a tidy package: Form 8949 detail, Schedule D totals, Schedule 1 inputs for staking and airdrops, and the workpapers behind every number. That goes straight to your CPA, or into TurboTax.
Common questions, Nevada edition
I just moved from California to Nevada with a big crypto portfolio, what now?
Your move-year return needs accurate sourcing across both states, and any positions you held while a California resident still trace to California basis. We rebuild the multi-year ledger so the federal Form 8949 is defensible and your CPA can split sourcing between CA and NV cleanly.
Do I owe Nevada tax on my crypto?
No. Nevada has no state income tax, so your crypto gains are taxed only at the federal level. The crypto tax work, rebuilding cost basis across exchanges, wallets, and DeFi, still has to happen for the federal 8949 and Schedule D.
Do you file my taxes?
No. That's deliberate. Count On Sheep is a team of crypto tax professionals. Former Big 4 and CPA leadership, now crypto-native blockchain tax experts. We produce CPA-ready 8949, Schedule D, and Schedule 1 inputs. Your CPA files. Or you file with TurboTax. Staying out of preparation keeps the engagement conflict-free and the audit trail clean.
Can my CPA use your reports?
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.
Does this work with TurboTax?
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.
How does a remote engagement work?
Everything is remote. We serve Nevada residents from anywhere in the state. You grant read-only API access to your exchanges, share wallet addresses for on-chain history, and we handle the rest. No travel, no in-person meetings required.
What do I need to start?
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 from there.
How is the engagement priced?
First-time crypto tax engagements start at a $999 minimum. Larger or more complex engagements are scoped hourly at $500/hr after the initial call. All fees are quoted in writing before you commit.
About the Count On Sheep team
Count On Sheep is a USA-based team of crypto tax professionals. 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 Nevada residents from Las Vegas, Reno, Henderson 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.
Ready to get your crypto tax handled and CPA-ready?
Book a free scoping call or call us directly. We serve Nevada residents remotely.