CountDeFi FAQ — Crypto Tax Reporting Made Clear

Everything you need to know about how CountDeFi turns crypto chaos into IRS-compliant clarity.

General Questions

What does CountDeFi do?

CountDeFi helps people prepare accurate crypto tax reports. We collect your crypto activity from exchanges, wallets, and platforms, check that the information is complete, fix errors or gaps, and organise everything into a clear crypto tax report. This crypto tax report shows what you bought and sold, what crypto income you earned (such as staking or rewards), and what gains or losses need to be reported. You can give the crypto tax report to your accountant or upload it into tax software to file your tax return.

Who is CountDeFi for?

CountDeFi is for anyone who has used crypto and wants to stay compliant with crypto tax reporting, especially when things are not simple. We commonly prepare crypto tax reports for DeFi traders, NFT collectors and creators, long-term crypto investors, and people using multiple exchanges, wallets, or blockchains. Whether you’ve made 50 trades or 50,000, our crypto tax reporting service scales with your activity.

Does CountDefi file my crypto taxes with the IRS?

No. CountDeFi does not file tax returns.CountDefi prepares IRS-ready crypto tax reports, including transaction-level tax reports, capital gains summaries, and crypto income summaries. These crypto tax reports are used by your CPA, accountant, or tax filing software like TurboTax to submit your tax return.

Which countries do you serve?

CountDeFi serves clients worldwide and prepares crypto tax reports aligned to local tax rules.

We regularly support crypto tax reporting for:
🇺🇸 USA & Canada (IRS- and CRA-aligned crypto tax reports)
🇬🇧 UK & EU (HMRC- and EU-aligned crypto tax reports)
🌍 Other countries on request, depending on local crypto tax reporting requirements

Can CountDeFi support businesses or multiple entities?

Yes. CountDeFi supports individuals, businesses, and clients with multiple entities or complex structures.

How is CountDeFi different from Koinly, CoinTracker, or TaxBit?

Those platforms are DIY crypto tax tools. CountDeFi is a done-for-you crypto tax reporting service.

While crypto tax software estimates results based on imported data, CountDeFi manually reconciles your full crypto transaction history, corrects exchange mismatches and missing cost basis, handles DeFi activity, NFTs, bridges, and wrapped assets, and reviews every crypto tax report before it’s final. The result is a crypto tax report your accountant can rely on, even in an audit.

Is CountDeFi affiliated with Koinly?

Yes. CountDeFi is Koinly’s #1 Global Partner.

We rate Koinly highly and use Koinly’s calculation engine as part of our crypto tax reporting workflow, but our team reviews, validates, and reconciles every dataset so the final crypto tax report is accurate, complete, and audit-ready.

Is CountDeFi a software platform or a professional service?

CountDeFi is a professional crypto tax reporting service. Clients are not buying access to an app — they are engaging a team to deliver an accurate crypto tax report that is ready to file.

Does CountDeFi replace my accountant?

No. CountDeFi works alongside your accountant. We prepare the crypto tax report so your CPA doesn’t have to untangle raw crypto transaction data.

Do you provide tax advice?

CountDeFi provides crypto tax documentation and crypto tax reporting support only. We do not provide investment advice, trading advice, or brokerage services.

What services does CountDeFi not provide?

CountDeFi does not file tax returns, provide investment or financial advice, act as a broker or exchange, or trade crypto on your behalf. Our role is limited to crypto tax reporting and documentation.

When is CountDeFi not the right solution?

CountDeFi may not be necessary if you have very limited crypto activity, all activity occurred on one exchange, and DIY crypto tax software already produces an accurate crypto tax report.

What does “audit-ready” mean?

An audit-ready crypto tax report is complete, reconciled, reviewed for errors, and structured in a way accountants and tax authorities expect. If questions arise later, the crypto tax report is traceable and defensible. This is one of major benefits of working with CountDefi.

How does CountDeFi handle unclear or ambiguous transactions?

If information or transaction data is missing or unclear, CountDefi will identify the issue, ask for context where possible, and apply a reasonable, documented treatment so the crypto tax report remains transparent and defensible.

Exchange Reports & Platform Limitations

Why can’t I rely solely on tax reports from major exchanges like Coinbase or Binance?

Exchange tax reports are often incomplete because exchanges only see activity that happens on their own platform. At CountDefi we see these gaps in accurate exchange tax reports, across the board. If you bought crypto elsewhere, moved it between wallets, used DeFi, or bridged assets, the exchange may not know when or how you originally acquired it. Without full cost basis history, exchange reports can overstate gains, understate losses, or miss taxable events. A complete crypto tax report requires reconciling activity across all wallets, exchanges, and blockchains you used.

Are exchange-generated crypto tax reports sufficient for IRS or HMRC reporting?

In many cases, no. Exchange-generated reports are summaries based only on the data available to that exchange. Tax authorities like the IRS and HMRC expect reporting that reflects your full transaction history, including transfers, off-platform activity, and accurate cost basis. Exchange reports can be a useful data source, but they usually need to be reconciled with wallet and on-chain data to produce an accurate, audit-ready crypto tax report. This is a service which CountDefi provides.

Why are exchange tax reports often missing cost basis information?

Cost basis refers to what you originally paid for an asset. When crypto is transferred into an exchange from another exchange or a private wallet, the receiving exchange often does not know the original purchase price or acquisition date. As a result, the exchange may assume a zero cost basis or use incomplete information, which can significantly distort capital gains in your crypto tax report. At CountDefi we see this error occuring all too often.

What happens to cost basis when crypto moves in and out of an exchange?

When crypto moves between platforms, cost basis information does not automatically travel with it. Each platform only records the value of the asset when it enters or leaves their system. If these movements are not properly linked and reconciled, your crypto tax report may show inflated gains, missing losses, or duplicated transactions. Working directly with a full-service crypto tax firm like CountDefi will avoid this.

Why do exchange reports sometimes show incorrect gains or losses?

Incorrect gains or losses usually occur when transfers are misclassified as trades, cost basis is missing, or transaction histories are incomplete. Exchanges are not designed to reconcile activity across multiple platforms. Without a full picture, their reports can misrepresent what actually happened for tax purposes.

Can exchange tax reports miss taxable events?

Yes. Exchange reports may miss taxable events that happen outside the exchange, such as DeFi swaps, staking rewards received in wallets, NFT mints, or cross-chain bridges. A complete crypto tax report needs to include both exchange-based activity and on-chain activity.

What risks are there in filing taxes using exchange reports alone?

Filing based only on exchange reports can result in underreporting income, overstating gains, or missing required disclosures.This increases the risk of amended returns, penalties, or questions from tax authorities later. Reconciling all sources upfront helps reduce these risks.

Can CountDeFi correct errors in exchange-generated tax reports?

Yes. We use exchange reports as one input, then reconcile them against wallet data and on-chain records. This allows us to identify missing cost basis, misclassified transfers, and inconsistencies. The result is a corrected, complete crypto tax report that reflects your full activity.

How does CountDeFi reconcile exchange data with wallets and on-chain activity?

We link deposits and withdrawals across exchanges and wallets, identify transfers versus trades, and trace assets through bridges and protocols where needed. This reconciliation ensures continuity of cost basis and prevents double-counting or missing transactions in your crypto tax report.

Why do tax authorities require more detail than exchanges typically provide?

Tax authorities assess your total economic activity, not just what happened on a single platform. They expect reporting that reflects your full trading, income, and disposal history. Exchanges are transaction platforms, not tax reconciliation systems. CountDeFi fills that gap by producing a crypto tax report that aligns with what tax authorities expect to see.

Process & Crypto Tax Reports

How does the CountDeFi crypto tax process work?

CountDeFi follows a structured 7-phase crypto tax reporting process designed to handle complex crypto activity and produce accurate, audit-ready crypto tax reports. The process includes: Onboarding, Data Analysis, Reconciliation, Context, Crypto Tax Optimisation, Review, and Finalisation. Each phase builds toward a complete crypto tax report that can be used to file your crypto taxes.

How do we communicate during the crypto tax reporting process?

Communication takes place via email and scheduled video calls when needed. This allows us to clarify transactions, review your crypto tax report, and answer questions efficiently.

What happens during onboarding?

During onboarding, we guide you through gathering your crypto data from exchanges, wallets, and crypto platforms. This may include exchange CSV files, API connections, wallet addresses, and records of DeFi, NFT, or staking activity. We validate that all required crypto data sources are present and flag any gaps early, helping avoid delays or inaccuracies later in your crypto tax report.

What do I need to provide for my crypto tax report?

You’ll typically provide crypto exchange CSV exports or API access, wallet addresses, and details of any crypto staking, DeFi yield, NFT transactions, or reward activity. Our onboarding checklist clearly explains what is needed to prepare your crypto tax report and highlights anything missing that could affect your crypto taxes.

What happens during crypto data analysis?

In the data analysis phase, we normalise and standardise your raw crypto transaction data so activity from different exchanges, wallets, and blockchains can be reviewed consistently. We enrich incomplete crypto records where possible and identify anomalies, duplicates, or gaps that could impact the accuracy of your crypto tax report.

What happens during crypto transaction reconciliation?

Reconciliation is where each crypto transaction is reviewed and classified correctly for crypto tax purposes. This includes trades, transfers, staking rewards, DeFi activity, NFTs, bridges, wrapped assets, and other complex crypto events. The goal is to ensure every crypto transaction is accounted for and accurately reflected in your crypto tax report.

What is the “context” step in crypto tax reporting?

In crypto tax reporting, transaction data alone is sometimes not enough to determine correct tax treatment. During the context step, we may contact you to clarify unclear crypto transactions or confirm intent. This reduces assumptions and helps ensure your crypto tax report reflects what actually happened, which is important for accurate crypto taxes.

What does crypto tax optimisation mean in your process?

Crypto tax optimisation in our process means applying the correct tax rules, cost basis methods, and holding period logic allowed in your jurisdiction.

What happens during the crypto tax report review phase?

During review, your crypto tax report goes through multiple quality and consistency checks. We verify totals, classifications, and calculations across all crypto data sources.

This step reduces errors and ensures your crypto tax report is internally consistent, accurate, and ready for filing by your accountant or tax software like TurboTax.

What happens during finalisation of my crypto tax report?

You receive a draft crypto tax report to review before final delivery. If questions or clarifications are needed, we make revisions to ensure accuracy.

The final crypto tax report is delivered in a format suitable for your CPA, accountant, or crypto tax filing software.

How long does it take to complete a crypto tax report?

Typical turnaround for a crypto tax report is around 10–15 business days once all required crypto data is received. More complex crypto activity, such as DeFi, NFTs, or missing data, may increase timelines.

We provide an estimated timeline upfront so you know when your crypto taxes can be filed.

Can I review my crypto tax report before it’s final?

Yes. You receive a draft crypto tax report and can ask questions or request clarification. We want you to understand your crypto tax report before it is finalised and used to file your crypto taxes.

What if I disagree with how a crypto transaction is classified?

If you disagree with how a crypto transaction is classified, we review it with you and adjust the crypto tax report where appropriate, provided the treatment remains accurate and compliant with crypto tax rules.

How is my crypto tax data kept secure?

Crypto tax data is handled securely and shared only for the purpose of preparing your crypto tax report. Data is transferred using encrypted channels, access is restricted, and information is never sold or shared with third parties.

Data Quality, Missing Crypto Data & Transfers

What if I’ve lost some of my crypto transaction data?

Missing crypto transaction data is very common, especially if you’ve used multiple exchanges, wallets, or DeFi platforms over time.

We reconstruct missing crypto data using a combination of on-chain records, exchange history, and wallet activity wherever possible. Any remaining gaps are clearly documented in your crypto tax report so your crypto taxes are transparent and defensible. The team at CountDefi is espeically skilled at reconstructing missing crypto data.

What if an exchange shut down or no longer provides records?

If an exchange has shut down or restricted access, we rely on alternative data sources such as blockchain records, wallet histories, and prior exports.

CountDefi works with the best available crypto data to prepare an accurate crypto tax report, even when original exchange records are no longer accessible.

What if I no longer have access to an old wallet?

Losing access to a wallet does not mean the crypto activity disappears for tax purposes. Blockchain data still records transactions publicly.

CountDefi uses available on-chain information and related exchange activity to reconstruct the transaction history needed for your crypto tax report.

Can you handle incomplete or inconsistent crypto records?

Yes. Incomplete or inconsistent crypto records are one of the most common reasons clients work with CountDeFi.

We normalise data from different sources, identify inconsistencies, and resolve them during reconciliation so your crypto tax report reflects your full crypto activity as accurately as possible.

How do you distinguish wallet-to-wallet transfers from taxable crypto transactions?

Transfers between wallets you control are generally not taxable events, but they are often misclassified as trades by crypto tax software.

CountDefi links deposits and withdrawals across wallets and exchanges to identify true transfers, preserving cost basis continuity and preventing inflated gains in your crypto tax report.

Are transfers between my own wallets taxable?

In most cases, no. Moving crypto between wallets you own does not trigger crypto taxes.

However, these transfers must be identified correctly in your crypto tax report. If transfers are misclassified as disposals, they can incorrectly increase reported gains. At CountDefi we see this error all the time.

What happens if transfers are misclassified as trades?

When transfers are misclassified as trades, crypto tax software may assume a sale and calculate gains that never actually occurred.

During reconciliation, CountDefi corrects these errors so your crypto tax report reflects real taxable events only.

How do you handle transfers through bridges and intermediary contracts?

Bridging crypto across blockchains often involves multiple transactions that can appear taxable if not properly linked.

We trace assets through bridges and intermediary contracts to ensure they are treated consistently and accurately in your crypto tax report.

How do you handle spam tokens and dust transactions?

Spam tokens and dust transactions are common in crypto wallets and often have no real value.

We identify and appropriately classify these entries so they do not distort your crypto tax report or create unnecessary crypto tax liability.

How are failed or reverted crypto transactions treated?

Failed or reverted crypto transactions typically do not result in a taxable event, but they can still appear in raw transaction data.

We identify failed transactions and ensure they are handled correctly so your crypto tax report only reflects completed crypto activity.

What if my crypto data creates negative balances?

Negative balances usually indicate missing transaction history, such as unrecorded deposits or early trades.

We investigate the cause, reconstruct missing data where possible, and document any assumptions made so your crypto tax report remains accurate and defensible.

How do you document data gaps for audit purposes?

When gaps cannot be fully resolved, we clearly document them in your crypto tax report, along with the methodology used and any assumptions applied.

This transparency helps ensure your crypto tax report stands up to questions from accountants or tax authorities.

Cost Basis, Accounting Methods & Transaction Classification

What is cost basis in crypto tax reporting?

Cost basis is the original value of your crypto asset for tax purposes. It is usually the amount you paid to acquire the crypto, including transaction fees.

Cost basis is essential for calculating capital gains or losses in your crypto tax report. Without accurate cost basis, crypto taxes can be overstated or understated.

Why is cost basis so important for crypto taxes?

Crypto taxes are calculated based on the difference between your cost basis and the value of the crypto when it is sold, swapped, or disposed of.

If cost basis is missing or incorrect, your crypto tax report may show gains that did not actually occur, leading to higher crypto tax liability.

How do you calculate cost basis when crypto moves between wallets or exchanges?

When crypto moves between wallets or exchanges, cost basis does not automatically transfer with it. We trace deposits and withdrawals across platforms to preserve cost basis continuity.

This ensures your crypto tax report reflects the original acquisition value, even when assets move across multiple exchanges or wallets.

Which cost basis methods are used for crypto tax reporting?

Crypto tax rules allow different cost basis methods depending on jurisdiction. Common methods include FIFO (First In, First Out) and specific identification.

We apply the appropriate cost basis method based on your jurisdiction and ensure it is used consistently throughout your crypto tax report.

Does CountDeFi support FIFO for crypto taxes?

Yes. FIFO is widely used for crypto tax reporting and is supported where permitted. Under FIFO, the earliest acquired crypto is treated as sold first.

FIFO is applied consistently across your crypto tax report to ensure accurate calculation of gains and losses.

Does CountDeFi support specific identification for crypto taxes?

Yes, where allowed and where sufficient records exist. Specific identification allows particular crypto units to be selected based on acquisition date and cost.

We only apply specific identification when documentation supports it, ensuring your crypto tax report remains compliant and defensible.

How are transaction fees and gas fees treated in crypto tax reports?

Transaction fees and gas fees are included in cost basis or proceeds, depending on the type of crypto transaction.

Correct treatment of fees is important for accurate crypto tax reporting and helps prevent overstated gains in your crypto tax report.

How are holding periods calculated for crypto assets?

Holding period is calculated from the date you acquire the crypto to the date you dispose of it.

Holding periods affect whether gains are treated as short-term or long-term in your crypto tax report, which can impact how your crypto taxes are calculated.

When is crypto treated as income versus capital gains?

Crypto received as payment, rewards, staking income, or incentives is generally treated as crypto income.

Crypto sold, swapped, or disposed of after acquisition is typically subject to capital gains calculations in your crypto tax report.

How are staking rewards and airdrops classified for crypto taxes?

Staking rewards and airdrops are usually treated as crypto income when received, based on fair market value at that time.

When those assets are later sold or swapped, capital gains or losses are calculated separately in your crypto tax report.

Are wallet-to-wallet transfers taxable events?

No. Transfers between wallets you own are not taxable crypto events.

However, these transfers must be identified correctly in your crypto tax report. Misclassification can incorrectly trigger crypto taxes.

Are crypto-to-crypto swaps taxable?

In many jurisdictions, swapping one crypto asset for another is treated as a taxable disposal.

CountDefi ensures crypto-to-crypto swaps are correctly reflected in your crypto tax report according to applicable tax rules.

How do you determine fair market value for crypto tax reporting?

Fair market value is determined using reliable pricing data at the time of each crypto transaction.

What happens when cost basis is missing or unknown?

Missing cost basis often occurs when early transaction data is unavailable. CountDefi reconstructs cost basis using on-chain data and exchange records.

If reconstruction is not possible, the treatment is documented clearly so your crypto tax report remains transparent and defensible.

How are timestamps and time zones handled in crypto tax reports?

Crypto transactions occur across global networks and time zones. We normalise timestamps to ensure transactions are ordered correctly.

This prevents timing-related errors in holding period calculations and ensures your crypto tax report is accurate.

DeFi, NFTs & Advanced Crypto Activity

Does CountDefi handle DeFi transactions for crypto tax reporting?

Yes. CountDefi handles a wide range of DeFi activity for crypto tax reporting, including swaps on decentralised exchanges, liquidity pools, lending and borrowing, staking, farming, and protocol rewards.

DeFi transactions are often misclassified by crypto tax software. We reconcile them manually so your crypto tax report reflects the correct taxable events and crypto taxes.

Can you include DeFi yield, staking, and farming rewards?

Yes. CountDefi includes DeFi yield, staking rewards, liquidity incentives, and farming rewards in your crypto tax report.

These are typically treated as crypto income when received, based on fair market value at that time, and later subject to capital gains calculations if disposed of.

How are liquidity pool deposits and withdrawals treated for crypto taxes?

Liquidity pool activity can involve multiple crypto transactions that may appear taxable if not analysed correctly.

CountDefi traces liquidity pool deposits, withdrawals, rewards, and position changes so they are treated consistently and accurately in your crypto tax report.

How do you handle lending and borrowing protocols?

Crypto lending and borrowing protocols often generate interest, rewards, liquidations, or collateral movements.

CountDefi reviews each transaction to determine the correct crypto tax treatment and ensure your crypto tax report reflects both income and disposals correctly.

What about tokens on bridges and wrapped assets?

Bridging crypto across blockchains and using wrapped tokens can create multiple on-chain transactions that appear taxable.

We trace bridged and wrapped assets across chains to maintain cost basis continuity and avoid double-counting in your crypto tax report.

How are airdrops and incentive rewards handled for crypto taxes?

Airdrops and incentive rewards are usually treated as crypto income when you have control of the tokens.

CountDefi includes these events in your crypto tax report at fair market value and track them for future capital gains calculations.

Do you handle NFT transactions?

Yes. We handle NFT-related crypto tax reporting, including mints, purchases, sales, transfers, burns, and marketplace activity.

NFT transactions often involve gas fees, royalties, and multiple wallets, all of which are reconciled in your crypto tax report.

How are NFT mints treated for crypto tax purposes?

NFT mints typically involve crypto spending (such as ETH) and transaction fees.

We record the mint as a crypto transaction, track associated costs, and reflect the correct treatment in your crypto tax report.

How are NFT sales and royalties reported for crypto taxes?

NFT sales are treated as crypto disposals and may result in capital gains or losses.

Royalties received by creators are usually treated as crypto income. Both are reflected accurately in your crypto tax report.

How do you handle NFT bundles and batch transactions?

NFT bundles and batch transactions can obscure individual asset values if not broken down properly.

We separate bundled NFT transactions so each asset is represented clearly in your crypto tax report.

How are derivatives, perpetuals, and advanced trading products handled?

Advanced crypto products such as derivatives, perpetual contracts, and margin trading often produce complex transaction flows.

CountDefi reconciles these activities carefully to ensure profits, losses, fees, and funding payments are reflected correctly in your crypto tax report.

How are liquidations treated for crypto tax purposes?

Liquidations can occur in DeFi lending or margin trading scenarios.

CountDefi analyzes liquidation events to determine the correct crypto tax treatment and ensure your crypto tax report reflects the outcome accurately.

How do you handle rug pulls, hacks, or worthless tokens?

Losses from rug pulls, hacks, or tokens that become worthless require careful treatment for crypto tax purposes.

We document these events clearly, apply appropriate classification, and reflect them transparently in your crypto tax report based on the available facts and applicable rules.

How is impermanent loss treated for crypto tax reporting?

Impermanent loss affects the value of assets in liquidity pools, but it does not always create a separate taxable event on its own.

At CountDefi weconsider impermanent loss as part of the overall liquidity position when preparing your crypto tax report.

Token-Specific Crypto Tax Questions

How is Bitcoin taxed?

Bitcoin is generally taxed when it is sold, swapped, or used to pay for goods or services. At CountDeFi, we see many Bitcoin holders assume tax only applies when converting to cash, but crypto-to-crypto transactions and payments can also trigger crypto taxes.

We reflect all taxable Bitcoin events accurately in your crypto tax report so gains and losses are calculated correctly.

Does selling Bitcoin trigger capital gains tax?

Yes. Selling Bitcoin usually triggers a capital gain or loss based on the difference between the sale price and your cost basis.

At CountDeFi, we regularly see incorrect gains reported when Bitcoin cost basis is missing or fragmented across wallets and exchanges. Our reconciliation process prevents that.

How is Ethereum taxed?

Ethereum is taxed when it is sold, swapped, or used, including when it is spent in DeFi or NFT activity.

At CountDeFi, Ethereum activity is one of the most common sources of crypto tax errors we correct, especially where DeFi and gas fees are involved.

Are ETH-to-token swaps taxable?

In many tax systems, swapping ETH for another token is treated as a taxable disposal of ETH.

At CountDeFi, we see many traders assume swaps are non-taxable. We ensure these events are correctly reflected in your crypto tax report.

How are ETH staking rewards taxed?

ETH staking rewards are usually treated as crypto income when they are received or become available to you.

At CountDeFi, we frequently see staking income underreported or missed entirely. We capture staking rewards accurately and track them for future capital gains.

How are Ethereum gas fees handled in crypto tax reports?

Gas fees can materially affect your crypto taxes by increasing costs or reducing proceeds.

At CountDeFi, gas fee handling is one of the most common issues we fix when reviewing DIY crypto tax reports.

How is Solana taxed?

Solana is taxed in much the same way as other crypto assets when it is sold, swapped, or used.

At CountDeFi, Solana users often come to us because high transaction volume and low fees can create complex crypto tax reporting challenges.

How are SOL staking rewards taxed?

SOL staking rewards are typically treated as crypto income at their fair market value when received.

At CountDeFi, we see staking rewards on Solana missed frequently, especially when users stake across multiple validators or wallets.

Jurisdiction-Specific Crypto Tax Rules

How are crypto taxes handled in the United States?

In the United States, cryptocurrency is treated as property for tax purposes. This means crypto taxes apply when crypto is sold, swapped, spent, or otherwise disposed of.

Crypto income, such as staking rewards, airdrops, or payments received in crypto, is generally taxable based on fair market value when received.

Are crypto-to-crypto swaps taxable in the U.S.?

Yes. Swapping one cryptocurrency for another is usually considered a taxable disposal under IRS rules.

Many taxpayers assume swaps are non-taxable. In practice, this is one of the most common sources of underreported crypto taxes.

Does the IRS require reporting of wallet-to-wallet transfers?

Transfers between wallets you own are not taxable events, but they still need to be recorded accurately in your crypto tax report.

Misclassifying transfers as trades can inflate gains, which is why proper reconciliation matters.

What if I traded crypto while living in more than one country?

When crypto activity spans multiple countries, tax treatment can depend on residency, timing, and local rules.

Crypto tax reporting in these cases requires careful allocation of transactions to the correct tax periods and jurisdictions.

Can the same crypto transaction be taxed differently in different countries?

Yes. Different countries apply different rules to crypto taxes, including how income, gains, and losses are classified.

This is why jurisdiction-specific crypto tax reports are important when working with local accountants.

Audits, Reviews & Working With Accountants

Can CountDeFi help if I’m already under IRS or HMRC review?

Yes. If you are already under review or enquiry by a tax authority such as the IRS or HMRC, CountDeFi can prepare or update your crypto tax report so it is complete, reconciled, and ready to be reviewed by your accountant or legal adviser.

At CountDeFi, we regularly see reviews triggered by incomplete exchange reports or missing crypto income. Our role is to ensure the underlying crypto tax report accurately reflects your full crypto activity.

What does CountDeFi provide for an audit or tax review?

For audits or reviews, CountDeFi provides a fully reconciled crypto tax report supported by transaction-level detail.

This includes clear categorisation of trades, transfers, crypto income, and disposals, along with documented treatment of any gaps or assumptions.

Can CountDeFi explain my crypto tax report to my CPA or accountant?

Yes. CountDeFi regularly works alongside CPAs and accountants. We structure crypto tax reports in a way that accountants can review, understand, and use for filing or responding to tax authority questions.

If needed, we can clarify how figures were derived so your accountant does not have to untangle raw crypto transaction data.

Do you work directly with accountants or tax advisers?

Yes. With your permission, CountDeFi can work directly with your CPA, accountant, or tax adviser to support crypto tax reporting.

This helps ensure everyone is working from the same crypto tax report and reduces back-and-forth during filing or review.

What if my previous crypto tax filings were incorrect?

Incorrect crypto tax filings often result from missing data, misunderstood transactions, or reliance on incomplete exchange reports.

CountDeFi can reconstruct your crypto history and prepare corrected crypto tax reports that your accountant can use for amended filings if required.

Can CountDeFi help with amended crypto tax returns?

CountDeFi does not submit amended tax returns, but we can prepare updated crypto tax reports that support amended filings.

These reports give your accountant the documentation needed to correct prior crypto taxes accurately.

What if an exchange-issued tax form is wrong?

Exchange-issued tax forms are based only on activity visible to that platform and may be incomplete or inaccurate.

At CountDeFi, we see this frequently. We reconcile exchange forms against wallets and on-chain data so your crypto tax report reflects what actually happened.

How long should I keep my crypto tax records?

Most tax authorities require records to be retained for several years. Because crypto activity can affect future years through cost basis, keeping detailed crypto tax reports is especially important.

CountDeFi crypto tax reports are designed to be reused and referenced in future years if questions arise.

Does using CountDeFi reduce the risk of a crypto tax audit?

No service can guarantee that a crypto tax audit will not occur.

However, a complete and reconciled crypto tax report reduces the risk of errors that often trigger follow-up questions or amended filings.

What happens if tax authorities ask questions later?

If questions arise after filing, having a clear crypto tax report makes it easier for your accountant to respond.

At CountDeFi, we focus on transparency and traceability so figures in your crypto tax report can be explained without recreating the work from scratch.

Crypto Tax Deadlines & Filing Timelines

When are crypto taxes due?

Crypto taxes follow the same filing deadlines as your regular tax return. If you had taxable crypto activity, it must be included in your annual tax filing.

The exact crypto tax deadline depends on your country of tax residence and whether you file as an individual, self-employed taxpayer, or business.

What is the crypto tax deadline in the United States?

In the United States, crypto taxes are generally due by the standard federal tax filing deadline, which is typically April 15.

If the date falls on a weekend or public holiday, the deadline may shift to the next business day.

Pricing, Payment & Engagement Models

How much does CountDeFi cost?

Pricing for CountDeFi’s crypto tax reporting service is based primarily on your annual crypto transaction volume.

Typical pricing tiers include:
Basic – up to 500 transactions ($695)
Standard – up to 3,000 transactions ($1,695)
Premium – up to 5,000 transactions ($2,995)
Expert – up to 10,000 transactions ($4,495)
Degen – up to 15,000 transactions ($5,995)
Enterprise – custom pricing for approximately 50,000 to 10,000,000 transactions

All plans include a complete, audit-ready crypto tax report (Form 8949 and Schedule D for the US, or the local equivalent for the UK, EU, Canada, Australia, and other jurisdictions), as well as missing data analysis and report-level tax optimisation (not tax advice).

Final pricing may also depend on complexity, such as DeFi activity, NFTs, multiple tax years, or incomplete crypto transaction data. Full plan details are available at https://www.countdefi.com/pricing.

What determines the cost of my crypto tax report?

The main factors that affect pricing are transaction volume, number of wallets and exchanges, and the complexity of your crypto activity.

At CountDeFi, we also consider whether data reconstruction is required, such as when exchanges have shut down or transaction history is incomplete.

Do you offer a cheaper way to get started?

Yes. CountDeFi offers a Data Assessment option that allows you to onboard and receive an overview of your crypto activity, including transaction counts by year.

This helps you understand scope and pricing before committing to a full crypto tax report. If you proceed, the assessment fee is credited toward your final engagement.

Do you offer fixed pricing or hourly billing?

CountDeFi primarily offers fixed pricing based on transaction volume and scope of work. This avoids the uncertainty of hourly billing and gives clients clarity around the cost of their crypto tax report.

Can pricing change once work has started?

Pricing may change if the scope turns out to be significantly different from what was initially provided, for example if additional wallets, years, or exchanges are added. If that happens, we discuss it with you before proceeding, so there are no surprises.

Can I pay in crypto?

Yes. CountDeFi accepts payment in cryptocurrency as well as traditional payment methods. Supported fiat currencies typically include USD, GBP, EUR, and ZAR.

Do you offer discounts?

Returning clients receive preferred pricing automatically. From time to time, CountDeFi may also offer discounts for early renewals, multi-year engagements, or referrals from existing clients.

Do you offer ongoing or annual crypto tax services?

Yes. Many clients work with CountDeFi on an ongoing or annual basis. Keeping your crypto tax data up to date each year typically makes future crypto tax reports faster, simpler, and more cost-effective.

Is my crypto tax report reusable in future years?

Yes. A completed crypto tax report establishes a clean cost basis and transaction history that can be carried forward. At CountDeFi, this continuity is one of the biggest advantages of working with a professional crypto tax reporting service.