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Crypto Tax Calculator
Estimate your cryptocurrency taxes based on US tax brackets. Currently calculating in US Dollar.
Tax Settings
Enter your income and transactions
HIFO typically minimizes taxes by selling highest-cost coins first
Estimated Crypto Tax
$560
15.0% effective rate
Short-Term
$0
Tax: $0
Long-Term
$3,735
Tax: $560
Crypto Income
$0
Tax: $0
Total Fees
$25
Deductible from gains
Tax Breakdown
Gains & Losses by Type
Taxable Events
Summary of all taxable cryptocurrency transactions
| Coin | Type | Date | Amount | Proceeds | Cost Basis | Gain/Loss | Term |
|---|---|---|---|---|---|---|---|
| BTC | sell | 2024-06-15 | 0.250000 | $11,235 | $7,500 | +$3,735 | Long |
Important Tax Considerations
- This calculator provides estimates only. Consult a tax professional for accurate advice.
- Crypto-to-crypto trades are taxable events in the US.
- Staking rewards, mining income, and airdrops are taxed as ordinary income when received.
- Keep detailed records of all transactions including dates, amounts, and prices.
Crypto Tax Tips
Tax-Loss Harvesting
Sell losing positions to offset gains. Unlike stocks, crypto is not subject to wash sale rules (currently).
Hold for Long-Term
Assets held over 1 year qualify for lower long-term capital gains rates (0%, 15%, or 20%).
Use HIFO Cost Basis
Highest In, First Out method can minimize taxes by selling your highest-cost lots first.
Donate Appreciated Crypto
Donating crypto held over 1 year avoids capital gains and may qualify for a deduction.
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