Annual Tax Service
Your digital asset transactions, reported correctly
Tax return preparation that accounts for the full complexity of your cryptocurrency activity — gains, losses, income, and correct classification across every wallet and exchange you use.
What This Delivers
A complete, accurate return — not a rough estimate
Digital asset tax returns prepared by Sumvane account for every transaction type relevant to your situation. Realized gains and losses calculated across wallets and exchanges. Income from staking, mining, and other sources correctly classified. A return that reflects what actually happened — and the documentation to support it.
Accurate gain/loss figures
Gains and losses calculated correctly from reconciled transaction history — not estimated or approximated.
Proper income classification
Staking rewards, mining income, and other digital asset income types placed in the correct reporting categories.
Supporting documentation
The schedules and workings behind your return kept on file, ready if they're ever needed to substantiate reported figures.
The Challenge
Standard tax software wasn't designed for this
Once you cross fifty transactions in a year — which happens quickly for anyone actively participating in the digital asset space — standard tax tools start to show their limitations. They handle straightforward stock trades reasonably well. Digital assets are a different matter.
Wallet-to-wallet transfers require careful handling so they aren't counted as taxable events. Gains need to be separated by holding period to apply the correct rate. Staking rewards, mining proceeds, liquidity pool income, and airdrop receipts each belong in different places on a return — and the reporting requirements for digital assets continue to evolve.
Preparing your own return in this environment is genuinely difficult. The risk isn't just making mistakes — it's not knowing which questions to ask in the first place.
The volume problem
Fifty transactions is a threshold most active participants cross without noticing. At that scale, manual preparation becomes impractical and the margin for error widens considerably.
Classification complexity
Different income types require different treatment. Applying a single classification to all digital asset receipts — as many do — can result in figures that don't accurately reflect what happened.
Multi-platform reconciliation
Transactions across multiple exchanges and wallets need to be reconciled into a single coherent history before a gain or loss figure can be calculated with confidence.
The Approach
Preparation built around the specifics of digital assets
The preparation process starts with your transaction history and works through it systematically — reconciling, classifying, and calculating in a sequence that produces reliable figures for each relevant line of your return.
Transaction history reconciliation
Exports from all your exchanges and wallets are consolidated and reconciled into a single history. Gaps, duplicates, and discrepancies are resolved before any calculations begin.
Gain and loss calculation
Realized gains and losses calculated for each disposal event, with correct short- and long-term classification applied based on the holding period of each specific lot.
Income type classification
Staking rewards, mining proceeds, and other digital asset income correctly classified and placed on the appropriate lines — not treated as a single undifferentiated category.
Schedule preparation
The supporting schedules accompanying your return are prepared alongside it — providing the detail behind each figure and a record that substantiates what was reported.
The Process
From transaction history to completed return
The preparation sequence is methodical. Each stage needs to be completed before the next can proceed — which is why what you provide at the start shapes how smoothly the rest flows.
Scope Review
A brief conversation about your platforms, transaction volume, and income types — so the preparation scope is understood before data collection begins.
Data Submission
You provide transaction exports from each exchange and wallet used during the tax year. We specify exactly what's needed to avoid back-and-forth.
Preparation Work
Reconciliation, classification, and calculation carried out in sequence. Any questions about specific transaction types are raised and resolved during this phase.
Delivery
Completed return and supporting schedules delivered, ready for your review and submission. Questions about specific figures answered at this stage.
Investment
A flat fee for annual preparation
Digital Asset Tax Return Preparation is priced as a flat annual fee. The rate covers preparation of your return and supporting schedules for a single tax year, for individuals or entities with more than fifty transactions across digital platforms during that year.
The flat structure means the fee is known at the outset, regardless of transaction volume above the fifty-transaction threshold. There's no per-transaction pricing that makes costs difficult to anticipate.
If your situation involves unusual transaction types or platforms that require additional work outside the standard scope, that's something to discuss during the initial review — before preparation begins.
Digital Asset Tax Return Preparation
Per tax year. For individuals and entities with 50+ annual digital asset transactions.
Methodology
Why the preparation holds up
The quality of a digital asset tax return is determined by the quality of the reconciliation and calculation work beneath it. These are the foundations.
Reconciliation first
Calculation begins only after the transaction history is fully reconciled. Figures derived from incomplete or unmatched data are unreliable — so the reconciliation step isn't skipped.
Consistent lot methodology
A defined lot-identification methodology applied throughout — not mixed approaches that produce inconsistent results across different transaction types.
Current reporting standards
Preparation carried out with current digital asset reporting requirements in view — not prior-year rules applied unchanged to a landscape that has since shifted.
Timeline and Expectations
Preparation time varies with the volume and complexity of your transaction history. Straightforward situations are generally completed within a few weeks of receiving complete data. More complex histories — multiple chains, unusual income types, high transaction volume — take longer. A realistic timeline is discussed at the outset. Data provided late in the filing season may affect whether deadlines can be met. Earlier engagement gives more room to work carefully through the detail.
Our Commitment
The conversation costs nothing
Before any preparation work begins, the scope is outlined clearly. You'll know what data is needed, what the process involves, and what the completed return will include. If the situation you describe is outside the scope of this service, that's something we'll say directly — not something you'll discover partway through.
The initial consultation carries no commitment. It exists to determine whether the service fits your situation, not to start the clock on fees.
Scope defined upfront
What's included — and what falls outside scope — is clear before preparation starts.
No surprises mid-process
If something unexpected arises during preparation, you're informed before work continues.
Questions welcomed
Questions about specific transactions or classifications are part of the process, not an inconvenience.
Getting Started
What happens when you reach out
The process is straightforward from your side. Here's what to expect after you send a message.
Describe your situation
Tell us which platforms you used during the tax year, roughly how many transactions you had, and what income types were involved. That's enough to start the conversation.
We confirm the scope
We'll confirm this service is the right fit for your situation and outline exactly what data you'll need to provide to get the preparation underway.
Provide your data and we proceed
Once you submit your transaction exports, preparation begins. You'll receive updates if any questions arise, and the completed return when the work is done.
Digital Asset Tax Return Preparation
Ready to have your return prepared properly?
Send a brief message describing your digital asset activity for the tax year — the platforms you used, your approximate transaction volume, and any income types beyond standard purchases and sales. We'll respond with a clear outline of the next steps.
Get in TouchNo commitment required from the initial conversation.
Other Services
Explore what else Sumvane offers
Monthly Service
Digital Asset & Cryptocurrency Accounting
Ongoing monthly tracking and recording of your digital asset activity — cost-basis calculations, income classification, and tax-ready records maintained throughout the year.
$600 USD / month
View DetailsQuarterly Service
Portfolio Reconciliation & Reporting
Periodic reconciliation across wallets, exchanges, and custodial accounts — producing a consolidated position report each quarter with current holdings and cost basis.
$450 USD / quarter
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