Crypto Tax CPAs in New York

New York Crypto Tax Notes

New York is one of the most aggressive states for crypto tax enforcement. The NYS Department of Taxation and Finance treats crypto as property, and residents pay both state and city income tax on gains.

Key rates and rules

• State + city tax: NYC residents pay combined rates up to 14.8% on capital gains
• BitLicense: Exchanges report activity to the state under New York's crypto licensing framework
• Non-resident filing: If you worked remotely from NY for any part of the year, you may owe NY tax

Enforcement notes

• High audit focus: New York has one of the highest crypto audit rates in the country
• Form 1099-DA: Starting 2026, all exchanges must report to the IRS and NYS