Key Facts About Crypto Tax in Wyoming
Wyoming has no state income tax and is the most crypto-friendly state in the country by statute, home to the Wyoming SPDI bank charter, the LLC-based DAO statute, and a long bench of digital-asset-aware legislation. federal crypto tax work is the whole game, and the state's structure-friendly law adds entity-layer work.
- Wyoming 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.
- Wyoming's SPDI bank charter, DAO LLC statute, and digital-asset trust law make it a hub for crypto entities.
- Entity-layer crypto tax work (SPDI, DAO LLC, trust) is required separate from operator personal activity.
- As your crypto tax professional, Count On Sheep produces CPA-ready 8949 and Schedule D inputs. Your CPA files, or you load TurboTax.
Phone: (858) 434-7547
From Cheyenne to every metro in Wyoming
Wyoming crypto investors in Cheyenne, Casper, Laramie, Jackson and surrounding metros, served remotely from anywhere in the state.
Wyoming residents in Cheyenne, Casper, Laramie, and Gillette pay no state income tax, and the state's crypto-friendly statute (SPDI charter, DAO LLC, digital-asset trusts) makes it a hub for entity domicile. federal crypto tax work is the same as anywhere else, but entity-layer work is heavier here than in most states. We separate entity activity from personal, rebuild per-lot ledgers across both, and hand off CPA-ready 8949, Schedule D, and Schedule 1 inputs at both layers. Count On Sheep is your crypto tax professional in Wyoming. Your CPA stays your CPA. We deliver the crypto inputs, 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 Wyoming 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 Wyoming treats crypto for tax
Federal Crypto Tax Treatment (applies in Wyoming)
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 Wyoming crypto investors
Four steps, start to finish
From anywhere in Wyoming.
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, Wyoming edition
How does Wyoming's crypto-friendly statute affect crypto tax work?
Statute sets the legal framework, not the tax math. Federal reporting still requires per-event Form 8949 and Schedule D. What WY adds is entity-layer complexity: SPDI banks, DAO LLCs, and digital-asset trusts all need entity-level crypto tax work separate from operator personal activity. We rebuild both layers.
Do I owe Wyoming tax on my crypto?
No. Wyoming 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 Wyoming 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 Wyoming residents from Cheyenne, Casper, Laramie 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 Wyoming residents remotely.