Key Facts About Crypto Tax in New Jersey
New Jersey's 10.75% top rate sits among the highest in the country, and the state's proximity to NYC means many residents have multi-state sourcing on top of crypto tax work. High-stakes, high-volume work.
- New Jersey taxes crypto gains as ordinary income up to 10.75%.
- New Jersey uses rolling IRC conformity.
- NJ capital-loss treatment is stricter than federal, losses don't offset other income the way they do federally.
- NJ residents working in NYC have multi-state sourcing on top of federal crypto tax work.
- Count On Sheep produces CPA-ready 8949 and Schedule D inputs, your CPA files.
Phone: (858) 434-7547
From Newark to every metro in New Jersey
New Jersey crypto investors in Newark, Jersey City, Hoboken, Princeton, Cherry Hill and surrounding metros, served remotely from anywhere in the state.
New Jersey crypto investors in Newark, Jersey City, Paterson, and Edison face one of the country's highest state rates plus stricter capital-loss treatment than federal. Many residents work in NYC, adding multi-state sourcing on top. We rebuild the on-chain ledger and hand off CPA-ready 8949, Schedule D, and Schedule 1 inputs your CPA can use across both NJ and NY. Count On Sheep is your crypto tax professional serving New Jersey. Your CPA stays your CPA. We handle the crypto side, they file the 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 New Jersey 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 New Jersey treats crypto for tax
Federal Crypto Tax Treatment (applies in New Jersey)
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 New Jersey crypto investors
Four steps, start to finish
From anywhere in New Jersey.
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, New Jersey edition
How does New Jersey treat crypto losses differently from federal?
NJ has stricter rules on capital-loss carryforwards than federal, losses generally can't offset other income types and don't carry forward the same way. That makes accurate per-event federal crypto tax work more valuable, because the NJ side has less flexibility downstream.
What's the New Jersey income tax rate on crypto gains?
New Jersey's top marginal income tax rate is 10.75%. 10.75% top marginal rate (on income over $1M; 7 brackets); 8.97% for $500K-$1M. Crypto gains are reported as ordinary income or capital gains depending on holding period; New Jersey generally follows the federal characterization. Count On Sheep produces the federal 8949 and Schedule D inputs your CPA needs to complete the New Jersey return. We don't file the return ourselves.
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 New Jersey 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 New Jersey residents from Newark, Jersey City, Hoboken 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 New Jersey residents remotely.