Estimate your cryptocurrency taxes based on US tax brackets. Currently calculating in US Dollar.
HIFO typically minimizes taxes by selling highest-cost coins first
Estimated Crypto Tax
$560
15.0% effective rate
$0
Tax: $0
$3,735
Tax: $560
$0
Tax: $0
$25
Deductible from gains
| Coin | Type | Date | Amount | Proceeds | Cost Basis | Gain/Loss | Term |
|---|---|---|---|---|---|---|---|
| BTC | sell | 2024-06-15 | 0.250000 | $11,235 | $7,500 | +$3,735 | Long |
Sell losing positions to offset gains. Unlike stocks, crypto is not subject to wash sale rules (currently).
Assets held over 1 year qualify for lower long-term capital gains rates (0%, 15%, or 20%).
Highest In, First Out method can minimize taxes by selling your highest-cost lots first.
Donating crypto held over 1 year avoids capital gains and may qualify for a deduction.