CountOnSheep | Crypto Tax

What is Count On Sheep and what is a crypto tax service?

@kenchiu75515274 @Tradermayne We are available in nearly all major nations 🫡

@Tradermayne @countonsheep Which one do you use for canada

More and more people are getting cooked by the 1099-DA. This is above your standard CPAs paygrade and is definitely not DIY territory. This article is worth a read if you want to know what's going on. cointracker.io/blog/the-1099-… I use @countonsheep and they will give you are free consult if you book thru this link. countonsheep.com/tradermayne

Count on Sheep (Crypto Tax Service) can help with the FTX tax calculations for your taxes you will need.

@ByteSizedAliza @degentalks Fact check: True

@degentalks Hiring someone 👍🏼 you can have one of the crypto tax platforms do all ur crypto taxes for like 3k

best platform for crypto taxes?

@degentalks @KoinlyOfficial and @CoinTracker are our favorites! If you want someone to do it for you we can help out too.

If you just received your 1099-DA from @krakenfx, keep this in mind: It typically shows proceeds, not your full cost basis. If you’ve moved assets between wallets or traded across platforms, you’ll need to reconcile your transactions to calculate true gains. We can help.

PSA 🚨 If you’ve been putting off your crypto taxes or already know you’ll need to extend, you’re not alone, but waiting too long is where things get stressful. We’re still taking on a few clients for the April 15th deadline and offering lower pricing for those who get set up before extension season fills up.

Crypto taxes in 2026, a cheat sheet: ✔ new form: 1099-DA ✔ sold crypto? taxable event ✔ moved assets? your cost basis probably shows as "unknown" ✔ "unknown" = the IRS may assume you paid $0 and you'll need to reconcile your basis Full unlock here ↓

@coinbase PSA: If you are struggling navigating this form, we can help figure out the cost basis.

@1CrypticPoet @CoinTracker @base 50k transactions! 🔥

I’m doing my taxes right now with @CoinTracker, and paying $1,181 for the software alone feels kind of insane. And this wasn’t from doing anything crazy. This was from using @base the way people keep saying we should. - Providing liquidity. - Trading. - Minting. - Coining content. - Using the @baseapp. - Claiming rewards. - Just normal onchain activity. We keep saying we want everything onchain. Content onchain. Gaming onchain. Rewards onchain. Payments onchain. Agents making micro transactions onchain. But then tax season hits and the message becomes: be careful how much you use it, because the reporting bill might punish you for it. That makes no sense. If the future of crypto is higher-frequency, lower-value activity across apps, creators, games, and agents, then tax tooling cannot keep scaling like this and expect normal people to stay. Cheap transactions do not mean much if the back end hits users with a four-figure bill just to make sense of their activity. That is not how you bring the world onchain.

@fable_7887 @Tradermayne Yes we are fairly priced in the marketplace. Plus if anyone has the ability to wait, we can get them on extension and our rate drops significantly in the summer months.

@Tradermayne @countonsheep How much did they charge for your reconciliation? the firm I went with charged me $10k this year. Wondering if Count on Sheep is more fairly priced.

The fellas over @countonsheep help me with all my Crypto reconciliations as well as handling the 1099-DA's that are almost certainly going to cause people to over pay their taxes. IMO your time is better spent focusing on your edge than trying to min max taxes, let's the pros do that for you. If you use the link below they will give you a consultation for FREE. countonsheep.com/tradermayne

The 20 Millionth Bitcoin has just been mined.

Crypto tax specialist here. This form is real but the framing here is doing a lot of heavy lifting. The IRS sends detailed information requests in every complex audit. This one is just tailored for crypto. The perjury clause says "to the best of my knowledge and belief" - that's standard legal language, not a gotcha. If you genuinely forgot you signed up for Bittrex in 2017, that's not perjury. Where people actually get in trouble is lying about platforms the IRS already has records for. They've had John Doe summonses on Coinbase since 2016 and Chainalysis contracts for years. They're comparing your answers to data they already have. So be honest, be thorough, and if you get audited, hire someone who does this full time.

The IRS just created a new crypto audit form designed to make you incriminate yourself. They're sending a new "Historical Digital Asset Form" that lists 100+ exchanges and self-custody wallets: Coinbase, Binance, Kraken, FTX, Mt. Gox, MetaMask, Ledger, Trezor, and demands you check YES or NO for every single one. Then sign it under penalty of perjury. This isn't a tax form. It's a mapping exercise. They don't just want to know what you traded last year. They want a complete picture of everywhere your crypto has ever touched going back years. The catch: there's no right way to fill it out. Forget a platform you used once in 2017? That's perjury. Disclose everything? You just gave them a roadmap for new lines of inquiry. Don't respond? They'll issue a summons. This is coming alongside Form 1099-DA, which means exchanges are now reporting directly to the IRS. They're cross-referencing what they already know with what you tell them, and looking for gaps. If you get this form, do not fill it out without a tax attorney. This is exactly the kind of overreach that pushes people toward self-custody and privacy-preserving tools like Bitcoin. The government doesn't send forms like this to help you. They send them to build a case.

Talked to a trader yesterday who thought the 1099-DA meant the IRS already knew his gains. They don't. The form only reports gross proceeds for 2025. You still have to figure out your own cost basis, holding periods, and gains. The form is a informational starting point.

POLICY: Millions of American crypto holders are receiving IRS 1099-DA forms with requirement to report gains on stablecoin transactions and gas fees as low as $0.50. @Coinbase says the system is over-reporting and needs a fix.

accountant: "last year you made over 20k transactions across 7 different blockchains and the total volume of those transactions was $34 million, which in the end resulted in -$55,000 worth of losses and a tax liability of $275K"

@isabellasg3 Yep 1099-DA…

Be careful out there, exchanges are giving EVERYTHING to the IRS.

With how complex Crypto taxes have become I genuinely think there is no reason to struggle doing them yourself. If you are trading on CEXs, trading on-chain, on ramping/off ramping even just moving money between accounts things get messy very quickly. The 1099-DA specifically is going to cause a ton of people to over pay on their taxes. Posting this again for posterity, use my friends @countonsheep. If you reach out thru this link share.countonsheep.com/7fjNVv they will give you a FREE consultation.