DFW tax professionals
The IRS requires reporting on every crypto transaction and investment sale. Tax Master DFW helps individuals and day traders across Dallas-Fort Worth accurately report capital gains, harvest losses, and stay compliant with evolving digital-asset rules.
Digital assets and investments create complex reporting requirements. We translate exchange data into accurate IRS filings.
We import transaction history from exchanges like Coinbase, Kraken, and Binance, reconcile on-chain activity, and prepare Form 8949 and Schedule D for every taxable event — trades, conversions, staking rewards, and airdrops.
Short-term and long-term gains from stocks, ETFs, mutual funds, and crypto are reported on Schedule D. We calculate cost basis, holding periods, and wash-sale adjustments to get your tax liability right.
Minting, selling, and trading NFTs; yield farming; liquidity pools; and wrapped token swaps all carry tax consequences. We track the cost basis through complex DeFi transactions to ensure accurate reporting.
Employee stock options (ISOs and NSOs), restricted stock units, and employee stock purchase plans each have different tax treatment. We reconcile your W-2 supplement data with Form 1099-B to avoid double taxation.
Offset capital gains by strategically realizing losses. We review your portfolio year-round and identify harvesting opportunities that reduce your overall tax bill while keeping your investment strategy intact.
High-volume traders face unique rules including wash-sale tracking across hundreds of transactions and potential mark-to-market (Section 475) election. We handle the volume and ensure proper treatment.
Understanding the basics helps you keep better records and make tax-smart decisions throughout the year.
Yes. The IRS treats cryptocurrency as property. Every sale, trade, or exchange of crypto is a taxable event that must be reported on your return. Form 1040 now includes a digital asset question that all taxpayers must answer.
Short-term capital gains (assets held one year or less) are taxed at your ordinary income rate. Long-term capital gains (assets held more than one year) are taxed at preferential rates of 0%, 15%, or 20%, depending on your taxable income.
Yes. Capital losses from crypto can offset capital gains dollar for dollar. If your total losses exceed your gains, you can deduct up to $3,000 of the excess against ordinary income per year and carry forward any remaining losses to future tax years.
Bring your exchange reports and brokerage 1099s — we handle the rest.
150 W Main St. Suite 2A
Lewisville, Texas 75057
In-person and virtual appointments. Se Habla Español.