Calculate your cryptocurrency trading gains, losses, and tax implications. Currently calculating in US Dollar.
Crypto is taxed as property. Short-term: income tax rate. Long-term (1+ year): 0-20%.
Net Profit After Tax
+$6,358
+42.36% net return
Total Invested
$15,010
Total Revenue
$22,490
Gross Profit
+$7,480
+49.83% return
Taxes Owed
$1,122
at 15% rate
| Coin | Buy Price | Sell Price | Qty | Cost Basis | Proceeds | Gross P/L | Tax | Net P/L |
|---|---|---|---|---|---|---|---|---|
| BTC | $30,000 | $45,000 | 0.5 | $15,010 | $22,490 | +$7,480 | $1,122 | +$6,358 |
| Total | $15,010 | $22,490 | +$7,480 | $1,122 | +$6,358 | |||
Holdings sold within 1 year are taxed at your ordinary income rate (10-37%). Holdings over 1 year qualify for long-term rates (0%, 15%, or 20%).
Selling crypto for fiat, trading crypto for crypto, and using crypto to buy goods are all taxable events. Simply holding or transferring between your own wallets is not.
You can sell losing positions to offset gains. Unlike stocks, crypto is not subject to wash sale rules (in most jurisdictions), so you can immediately rebuy.
Keep detailed records of all transactions including dates, amounts, prices, and fees. Many exchanges provide tax reports or integrate with crypto tax software.
Note: Tax laws vary by jurisdiction and change frequently. Consult a tax professional for advice specific to your situation.