Serving Texas Crypto Investors Remotely

Crypto Tax CPA
in Texas

Licensed Help for Crypto Investors , Remote, Federal, All 50 States

By Garrett Taylor, CPA #133092 (California, federally authorized)
Reviewed by Leanne Grant, Enrolled Agent · Updated: May 2026
Phone: (858) 434-7547
Call (858) 434-7547

Most clients book a 30-minute call within 24 hours.

Licensed CPA#133092
EA ReviewerLeanne Grant
ServingTexas Remotely
Cities We Serve

Cities We Serve in Texas

Looking for a crypto tax CPA in Texas? We serve clients in Austin, Houston, and Dallas.

AustinHoustonDallas
Key Facts

Key Facts About Crypto Taxes in Texas

  • Texas has no state income tax, crypto gains are taxed only at the federal level.
  • Texas is the #1 state for Bitcoin mining hashrate in the U.S.
  • Texas franchise tax may apply to mining businesses exceeding $2.47M in revenue.
  • Austin is a top tech hub with a large crypto investor and developer population.
  • Federal crypto tax preparation by a CPA licensed in any state is legally valid for Texas residents.

Texas has no state income tax and accounts for the largest share of U.S. Bitcoin hashrate, making it the epicenter of American crypto mining. Residents from Austin to Houston to Dallas pay only federal tax on crypto gains. But federal complexity, mining income, DeFi yields, cross-chain swaps, and cost-basis reconstruction, requires expert preparation. We help Texas crypto investors and miners reconcile their on-chain activity and file accurate federal Form 8949 returns. Garrett Taylor, CPA #133092, prepares federal returns for clients in all 50 states.

Why Texas

Why Texas Crypto Investors Choose COS Elite

Texas has no state income tax and has become the #1 destination for crypto mining operations in the U.S., the state now accounts for the largest share of Bitcoin hashrate nationally. Austin's tech scene and Houston's energy expertise have created a massive crypto investor population that needs expert federal preparation.

With a population of 31.3 million, Texas is home to a significant and growing community of cryptocurrency investors , from Austin to Fort Worth. Whether you hold Bitcoin, Ethereum, DeFi positions, or NFTs, every transaction creates a federal tax event that must be reported on IRS Form 8949 and Schedule D.

COS Elite provides remote crypto tax preparation for Texasresidents. Garrett Taylor, CPA #133092, is a California-licensed CPA authorized to prepare federal crypto tax returns for clients in all 50 states. Because federal tax law is uniform, your federal return preparation is the same quality whether you're in Austin or anywhere else.

Texas Tax Treatment

Texas Tax Treatment of Cryptocurrency

CategoryDetails
State Income TaxNo
Top Marginal Rate*N/A, no state income tax
Rate DetailsNo state income tax (constitutionally prohibited)
Federal ConformityN/A, no state income tax
State-Specific Crypto GuidanceNone as of 2026, federal IRS guidance applies

Texas has no state income tax, so your cryptocurrency gains are taxed only at the federal level. While this simplifies the state side, federal crypto tax rules are complex, every trade, swap, DeFi yield event, airdrop, and NFT sale must be reported on Form 8949 and Schedule D. A crypto-specialized CPA ensures nothing is missed.

Federal Crypto Tax Treatment (Applies in Texas)

Transaction TypeTax TreatmentReported On
Selling crypto for USDCapital gain/loss (short or long-term)Form 8949, Schedule D
Crypto-to-crypto swapCapital gain/loss on disposalForm 8949, Schedule D
Mining incomeOrdinary income at FMV on receiptSchedule 1 / Schedule C
Staking rewardsOrdinary income at FMV on receiptSchedule 1 / Schedule C
Airdrop receivedOrdinary income at FMV on receiptSchedule 1
NFT saleCapital gain/loss (may be collectible rate)Form 8949, Schedule D
DeFi yield / LP rewardsOrdinary income or capital gain (varies)Form 8949 or Schedule 1
*Rates and population data as of May 2026. Tax Foundation 2025 State Individual Income Tax Rates & Brackets; U.S. Census Bureau Vintage 2025 (July 2024 estimates). State and federal tax law changes frequently, confirm current applicability with a licensed CPA before relying on these figures for tax filing.
Common Issues

Common Crypto Tax Issues in Texas

Missing or incomplete cost basis

Exchanges lose data, wallets get abandoned, and chain history gets fragmented. Reconstructing accurate cost basis across years of trading is the #1 challenge we solve.

DeFi and cross-chain complexity

Liquidity pool entries, yield farming, cross-chain bridges, wrapped tokens, and restaking events each create taxable moments that most software misses or misclassifies.

Unreported prior-year activity

Many crypto investors discover years of unreported trades after receiving an IRS letter. We help with back-year reconstruction, voluntary disclosure, and getting compliant without panic.

Largest Bitcoin mining state in the U.S. with complex mining income reporting

Austin tech workers with token compensation and DeFi positions

Energy industry professionals with both commodity and crypto tax complexity

Former California residents establishing Texas domicile with large crypto portfolios

Our Process

How COS Elite Serves Texas Residents

Our remote engagement works seamlessly from anywhere in Texas. Four steps, start to finish.

Step 01

Onboard

You book a free 30-minute call. We review your situation, exchanges, wallets, and DeFi activity. You get a fixed-fee quote before committing.

Step 02

Reconcile

We pull your full on-chain history, map every transaction to its tax treatment, and reconstruct cost basis across all chains and wallets.

Step 03

Review

Garrett prepares your return. Leanne Grant, Enrolled Agent, reviews for accuracy. Every position is documented, every basis adjustment explained.

Step 04

File

Your federal return is filed electronically. State returns are coordinated as needed. You get a complete copy of all workpapers for your records.

Pricing

Pricing & Engagement

Strategy
$499

Initial Deep Dive

Comprehensive review of your crypto activity, tax position, and strategy options. Fixed fee, no surprises.

Tax Preparation
From $1,500

Individual Return

Full federal tax return preparation with crypto reconciliation. Scales with complexity. Fixed fee quoted after initial call.

All fees are quoted in writing before you commit. We accept cryptocurrency payments via Coinbase Business.

About the Team

About Garrett Taylor

GT

Garrett Taylor, CPA

CPA #133092 · California · Federally Authorized

Garrett Taylor is a California-licensed CPA (#133092) with Big Four and family office experience. Because federal tax law is uniform across all 50 states, Garrett can prepare federal crypto tax returns for any U.S. resident, including Texas residents. State-level filings are coordinated as needed. Garrett specializes in cryptocurrency taxation, DeFi compliance, and digital asset reconciliation.

LG

Leanne Grant, EA

Enrolled Agent · IRS-Authorized · Reviewer

Leanne Grant is an IRS-enrolled agent who reviews every return prepared by COS Elite. Enrolled Agents are federally licensed tax practitioners authorized to represent taxpayers before the IRS. Leanne's review adds an additional layer of accuracy and compliance assurance to every Texasclient's return.

FAQ

Frequently Asked Questions

No state income tax applies to mining income in Texas. However, mining operations structured as businesses may owe Texas franchise tax (margin tax) if their revenue exceeds the no-tax-due threshold ($2.47M in total revenue). The federal treatment of mining income, ordinary income at fair market value on the date of receipt, still applies in full.

Have a question that isn't here?

Ready to Get Your Crypto Taxes Done Right?

Book a free 30-minute call with Garrett or call us directly. We serve Texas residents remotely.

Call (858) 434-7547
Nearby States

Serving Crypto Investors in Nearby States

New MexicoOklahomaArkansasLouisiana
View all 50 states →