Key Facts About Crypto Tax in Texas
Texas has no state income tax and one of the largest crypto-investor and crypto-mining populations in the country. Austin's tech corridor, Houston energy pros, and West Texas mining operations all need crypto tax work done at scale.
- Texas 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.
- West Texas hosts major mining operations needing daily reward stream reconstruction and Schedule C detail.
- Austin founder and venture-token activity drives complex vesting and lockup crypto tax work.
- Recent CA / NY transplants frequently need multi-year backlog crypto tax work.
- Count On Sheep produces CPA-ready 8949, Schedule D, and Schedule 1 inputs, your CPA files, or you load TurboTax.
Phone: (858) 434-7547
From Austin to every metro in Texas
Texas crypto investors in Austin, Houston, Dallas, San Antonio, Fort Worth and surrounding metros, served remotely from anywhere in the state.
Texas crypto investors and operators in Austin, Houston, Dallas, San Antonio, and across West Texas pay no state income tax, but federal crypto tax work is identical to anywhere else, and Texas hosts some of the most complex profiles in the country. Major mining operations need daily reward streams reconstructed and Schedule C detail; Austin founders and venture-token recipients need vesting math; California and New York transplants need multi-year backlog work. We pull every wallet, exchange, pool, and DeFi protocol into one ledger and hand off CPA-ready 8949, Schedule D, and Schedule 1 (or Schedule C) inputs. Count On Sheep is your crypto tax professional in Texas. Your CPA stays your CPA. We handle the crypto side, they file federally.
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 Texas 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 Texas treats crypto for tax
Federal Crypto Tax Treatment (applies in Texas)
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 Texas crypto investors
Four steps, start to finish
From anywhere in Texas.
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, Texas edition
Texas has no income tax, why does crypto tax work still matter so much?
Because federal reporting is unchanged. Every taxable event still hits Form 8949 and Schedule D. And Texas hosts some of the largest mining operations in the country, those need daily reward streams reconstructed, plus depreciation and electricity expense for Schedule C. The federal layer is where the work is.
Do I owe Texas tax on my crypto?
No. Texas 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 Texas 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 Texas residents from Austin, Houston, Dallas 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 Texas residents remotely.