Transaction data collection
You provide access to exchange accounts, wallet exports, or API keys. We import transaction data from major platforms and reconcile all crypto activities.
Tax services
Cryptocurrency tax reporting for Queens investors
Navigate Form 8949, cost basis tracking, and IRS crypto reporting requirements with Queens CPA expertise.
- Integration with major exchange APIs and tracking tools
- NFT and DeFi transaction expertise
- Clear documentation for IRS audit support
Tell us about your needs
Service overview
How we help with crypto gains reporting
We help Queens investors report cryptocurrency transactions including Bitcoin, Ethereum, and other digital assets on Form 8949 and Schedule D. Our CPAs review all transaction records from exchanges, wallets, and DeFi platforms to ensure accurate cost basis calculations and proper categorization of gains and losses. We handle both short-term and long-term holding periods and ensure compliance with IRS reporting requirements.
For NFTs and digital collectibles, we prepare Form 1099-NFT reporting when applicable and coordinate with marketplace platforms for accurate transaction data. We track wash sales, like-kind exchanges, and other complex crypto scenarios. We also help with staking rewards, airdrops, and fork events that may have tax implications.
We integrate with popular crypto tracking tools and exchange APIs to import transaction data automatically. Our CPAs reconcile wallet addresses, handle multiple currencies, and ensure all transactions are reported with proper documentation. We provide clear explanations of how each transaction affects your tax return and help you understand the difference between business and investment holdings.
After preparing your crypto reporting, we coordinate with your overall tax return to ensure proper integration with other income sources. We remain available to answer questions about crypto tax rules and help with any IRS inquiries related to your cryptocurrency reporting.
What's included
Comprehensive crypto gains reporting service
- Complete preparation of Form 8949 for all cryptocurrency transactions
- Cost basis calculation for all crypto holdings using FIFO, specific ID, or average cost methods
- Integration with exchanges including Coinbase, Binance, Kraken, and others
- NFT transaction reporting and Form 1099-NFT preparation when applicable
- Staking reward and airdrop income calculations
- Wash sale rule application for crypto transactions
- DeFi protocol transaction categorization and reporting
- Documentation of all cost basis calculations and transaction sources
- Coordination with your overall tax return for proper integration
- Support for multi-currency portfolios and foreign crypto exchanges
- Archive of all transaction records for seven years
- Response support for IRS crypto-related inquiries
Common situations
Who benefits from crypto gains reporting
- Queens investors who bought Bitcoin during the 2021 bull run and need to report capital gains on their 2024 tax return
- NFT collectors who received airdrops or participated in token launches requiring complex transaction tracking
- Crypto traders using multiple exchanges who need consolidated reporting and wash sale calculations
- DeFi users who staked tokens or participated in yield farming programs with various reward structures
- Investors who received forked coins or participated in token swaps requiring basis adjustments
- Queens residents with inherited crypto wallets needing proper basis establishment and reporting
Our process
How we handle your crypto gains reporting
Cost basis calculation
We calculate cost basis for all transactions using IRS-accepted methods. We identify short-term versus long-term holdings and apply appropriate tax rates.
Form preparation
We prepare Form 8949 and Schedule D entries for all reportable transactions. We ensure proper categorization and documentation.
Integration and filing
We integrate crypto reporting with your overall tax return and e-file all forms simultaneously. We monitor acceptance status.
Post-filing support
Your transaction records are archived securely. We remain available to answer IRS questions about your crypto reporting.
Queens expertise
Local knowledge for Queens taxpayers
- We understand New York City and New York State tax implications for Queens cryptocurrency investors
- We coordinate with local tax authorities for any crypto-specific notices or inquiries
- We ensure compliance with Queens-specific reporting requirements when applicable
- We help Queens investors understand how crypto gains affect local tax credits and deductions
- We coordinate with Queens-based financial advisors on crypto portfolio tax planning
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Frequently asked questions
Answers for Queens, NY taxpayers
How do you handle multiple crypto exchanges for Queens investors?
We consolidate transactions from all exchanges and wallets into a single report for Queens, NY investors. We reconcile balances, handle cross-exchange transfers, and ensure no transactions are duplicated or missed in your tax return.
Do you support NFT tax reporting in Queens, NY?
Yes. We prepare Form 1099-NFT reporting for applicable NFT transactions in Queens, NY and integrate NFT gains with your overall capital gains reporting. We track basis for collectibles and ensure proper categorization.
How do you calculate crypto cost basis for Queens taxpayers?
We use IRS-accepted methods including FIFO, specific identification, and average cost for Queens, NY taxpayers. We document the chosen method and maintain records showing how each lot was calculated and disposed of.
Can you help with DeFi and staking rewards in Queens, NY?
We categorize all DeFi transactions and staking rewards for Queens, NY taxpayers. We calculate income from yield farming, liquidity provision, and staking programs, ensuring proper reporting on your tax return.
How long does crypto tax preparation take in Queens, NY?
Most crypto reporting in Queens, NY is completed within seven business days once all transaction data is provided. Complex portfolios with multiple exchanges or DeFi activities may take ten to fourteen days.
Ready to get started with Queens tax preparation?
Connect with a CPA who understands Queens tax requirements. We prepare and file your returns with accuracy and care.