Crypto Tax Preparation
Full tax return preparation for crypto traders and investors. We reconcile exchange data, DeFi transactions, and cross-chain activity into IRS-compliant returns.
Cryptocurrency Tax Services
Crypto Tax Services & Free Estimator
Monaco CPA provides virtual cryptocurrency tax preparation, Solana staking reconciliation, and DeFi compliance services for high-volume traders nationwide. Use our free 2025 Crypto Tax Estimator below to calculate your federal and New Jersey tax on staking rewards, trading gains, and mining income — then book a consultation for your exact number.
2025 Crypto Tax Estimator
Built by a CPA using official 2025 tax brackets (Rev. Proc. 2024-40, N.J.S.A. 54A:2-1). Covers staking rewards, trading gains, NIIT, and self-employment tax.
Loading estimator…
What We Handle
All crypto engagements are handled personally by Greg Monaco, CPA — licensed in New Jersey (CPA #20CC04711400), with focused expertise in digital asset taxation.
Solana & DeFi Reconciliation
Specialized in high-volume Solana DEX trades, Jupiter aggregator transactions, Raydium/Orca LP positions, SPL token airdrops, and staking reward tracking.
Cost Basis & Compliance
Revenue Procedure 2024-28 compliant cost basis tracking. We support FIFO, LIFO, HIFO, and Specific Identification methods across all exchanges and wallets.
IRS Audit Defense
Representation before the IRS for crypto-related audits, CP2000 notices, and correspondence. We handle 1099-DA discrepancies and unreported transaction inquiries.
Same CPA, Dedicated Crypto Practice
MonacoCryptoTax.com is operated by Gregory Monaco, CPA LLC — the same firm behind Monaco CPA. Greg Monaco handles all cryptocurrency tax engagements personally, bringing both traditional CPA knowledge and focused digital asset experience to every client.
Need traditional tax preparation, bookkeeping, or accounting? View our full services →
Go to MonacoCryptoTax.comCryptocurrency Tax FAQ
How is cryptocurrency taxed in the United States in 2025?
The IRS treats cryptocurrency as property (Notice 2014-21). Selling, trading, or spending crypto triggers capital gains tax — short-term (ordinary rates up to 37%) if held under one year, long-term (0%, 15%, or 20%) if held over one year. Receiving crypto as staking rewards, mining income, or airdrops is taxed as ordinary income at fair market value when received. Starting in 2025, exchanges must report transactions on Form 1099-DA.
How do I find a crypto CPA in New Jersey?
Look for a CPA who is licensed in New Jersey (verify at the NJ Division of Consumer Affairs), specializes in cryptocurrency taxation, understands DeFi/NFT/staking mechanics, and stays current with IRS guidance like Revenue Procedure 2024-28. Monaco CPA is a licensed NJ CPA firm (#20CB00789800) with dedicated crypto tax services through MonacoCryptoTax.com.
Are Solana staking rewards taxable?
Yes. The IRS considers staking rewards as taxable ordinary income at the fair market value when you gain dominion and control (typically when rewards are credited to your wallet). This applies to all proof-of-stake chains including Solana, Ethereum, and Cosmos. The income is reported on Schedule 1 (or Schedule C if treated as a business), and any subsequent gain when selling the rewards is a separate taxable event.
Does New Jersey tax crypto gains differently than the federal government?
Yes — and it’s worse. New Jersey has no preferential long-term capital gains rate. All crypto gains are taxed as ordinary income under the NJ Gross Income Tax, with rates from 1.4% to 10.75%. This means NJ residents holding crypto over one year still pay full ordinary rates at the state level, even though they get the lower 0%/15%/20% federal LTCG rates. The NJ tax on a $100,000 long-term gain can be $6,370+ regardless of hold period.
What is IRS Form 1099-DA and how does it affect crypto taxes in 2025?
Form 1099-DA is the new IRS reporting form for digital asset transactions, required from centralized exchanges and brokers starting in tax year 2025. It reports gross proceeds from crypto sales, and eventually cost basis. This means the IRS will have direct visibility into your trading activity — making accurate cost basis tracking and proper tax reporting more critical than ever.
Is crypto wash trading legal and do wash sale rules apply to crypto in 2025?
The 2022 Infrastructure Investment and Jobs Act extended wash sale rules to digital assets, effective for tax years beginning after December 31, 2024. This means for 2025, you generally cannot sell crypto at a loss and repurchase substantially identical tokens within 30 days to claim the loss. The rules align crypto with existing stock and securities wash sale treatment under IRC §1091.
Need Help With Your Crypto Taxes?
The estimator gives you a starting point — I'll give you the exact number. Get in touch to discuss your crypto tax situation.