Crypto Trading and Capital Gains
Every sale or swap is a taxable event that affects gains, losses, and tax rates.
EASILY FILE YOUR CRYPTO TAXES
- Full service tax preparation involving all things crypto
- Personalized filing and tax advisory for businesses and individuals
Located in Livingston, New Jersey | Servicing U.S. Nationwide
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THE CHALLENGE OF FILING CRYPTO TAXES YOURSELF
If you’re simply buying and holding Bitcoin long-term, filing your taxes may feel straightforward.
But once your activity includes multiple exchanges, wallets, DeFi, NFTs, mining, staking, or trading, crypto taxes quickly become more complicated than what most DIY software or traditional accountants can handle.
Every trade, swap, reward, or transfer can trigger different tax treatment, timing rules, and reporting requirements. It’s easy to miss what’s actually reportable, miscalculate cost basis, or overpay taxes just to be “safe.”
WHY CRYPTO TAXES BREAK DOWN
You may be tempted to file crypto taxes yourself, until you really see what you have to deal with.
Multiple exchanges and wallets must be reconciled and tracked correctly
Each trade, swap, reward, or transfer can be taxed differently
Cost basis must be calculated accurately for every transaction
DeFi, NFTs, mining, and staking often require manual review
DIY software may miss income, duplicate transactions, or misclassify activity
IRS forms vary based on how you used crypto, not just how much you traded
Errors can lead to overpaying taxes or future IRS notices
HAVE CRYPTO IN YOUR TAXES? MAKE IT EASY TO REPORT.
Multi-Exchange and Multi-Wallet Activity
Missing or misclassified transfers can inflate gains or create reporting errors.
Crypto Mining Income
Mining rewards are taxable as income and may trigger self-employment tax.
Staking and Validator Rewards
Rewards are taxable and affect future gains.
NFTs and Digital Collectibles
Some NFTs may be taxed at higher collectible rates.
Gaming, P2E, and Tokenized Assets
Rewards may be taxable even without converting to cash.
Business Use of Crypto
Business activity introduces income, expenses, and compliance requirements.
Prior-Year Corrections and IRS Notices
Unresolved errors can escalate penalties and scrutiny.
Experience You Can Rely On
Work with a CPA who regularly handles complex digital asset activity. Experience includes trading across multiple exchanges, DeFi participation, NFTs, staking, mining, and other evolving use cases.
About Monaco CPA