Crypto tax help for Florida
Florida has no state individual income tax, so there is no state layer on a crypto gain. That is exactly why so many crypto holders moved here, and it is also where the most common Florida mistake lives. Moving to Florida does not retroactively clean up gains you made while resident somewhere else.
Miami in particular draws people mid-career and mid-portfolio, often arriving from New York or California with years of unreconciled history behind them. The state you sold from is the state that taxes the sale, and a part-year move needs the dates and the residency position documented properly rather than assumed.
How the IRS actually treats it
The IRS treats crypto as property, not currency, under Notice 2014-21. Every sale, swap and spend is a disposal that lands on Form 8949 and Schedule D, and the holding period decides everything. Hold past one year and you reach the long-term rates. Sell a day early and the whole gain is taxed as ordinary income.
Form 1099-DA changed the risk. Brokers report gross proceeds on sales made from 1 January 2025, and from 1 January 2026 they add cost basis for covered assets. Gross proceeds without basis is the trap. If you moved coins between wallets and exchanges, the IRS sees the sale price and not what you paid, so the figure on file looks far larger than your real gain until someone reconciles it.
What we see most in Florida
The cases that come to us again and again from this state.
Moving to Florida part way through a year
Where you were resident when you disposed is what decides the state position. A part-year move needs the dates and the facts recorded, not assumed.
Years of history arriving with you
New arrivals often bring a decade of transactions across dead exchanges. That has to be reconciled before any of it can be filed with confidence.
Crypto businesses and payments
Accepting crypto for goods or services is ordinary income at value on receipt, and that value becomes the basis for the later disposal.
What we do
Transaction reconciliation
We pull every exchange, wallet and protocol you have used, match transfers so they are not counted as sales, restore missing cost basis and build an audit-ready record.
US tax filing
Form 8949 and Schedule D prepared with the right cost basis method and carried into your Form 1040. You review and approve everything before we submit.
Notices and disclosure
Received an IRS CP2000 or a letter about digital assets? We rebuild the real position first, then deal with the correspondence from a footing of facts.
More detail on the US rules is on our US crypto tax guide, and the full service list is on crypto tax accountants.
Florida crypto tax questions we hear every week
Do I pay state tax on crypto in Florida?
No. Florida has no state individual income tax, so crypto gains and crypto income carry no state charge. Your federal return is the whole picture.
I moved to Florida last year. Are my old gains covered?
Not automatically. Gains are generally taxed by the state you were resident in when you disposed, so a disposal made before the move can still belong to your former state. The dates and the residency facts need documenting properly, particularly coming from a state as attentive as New York or California.
My 1099-DA shows a huge figure. Is that my gain?
Almost certainly not. For 2025 sales brokers report gross proceeds only, with no cost basis. If you transferred crypto in from elsewhere, the reported number is the full sale price rather than your profit. Reconciliation restores the basis.
Do you work with clients in both the UK and the US?
Yes, and it is a large part of the practice. We file with HMRC, the IRS, or both where someone has exposure on each side. Dual positions need the two systems handled together rather than by two firms who do not speak.
Find out where you actually stand.
A free 30-minute review. We tell you what needs doing and what it costs, before you commit to anything.