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Calculate capital gains tax on US cryptocurrency trades, staking rewards, and DeFi transactions. Covers short-term and long-term rates under current IRS cryptocurrency guidance.
The IRS treats cryptocurrency as property, so every disposal (sale, trade, or use to purchase goods) is a taxable event subject to capital gains tax. The rate depends on how long you held the asset before selling. Assets held for one year or less are taxed as ordinary income at your marginal federal rate. Assets held longer than one year qualify for long-term capital gains rates of 0%, 15%, or 20% depending on your taxable income. Enter your purchase price (cost basis), sale price, holding period, and tax bracket to calculate your capital gain and the resulting tax. The result shows your gross capital gain, applicable tax rate, estimated tax owed, and net proceeds after tax. Staking rewards and DeFi income are generally treated as ordinary income at receipt and are not captured here. This tool focuses on disposal events.
Yes. The IRS treats cryptocurrency as property, so swapping Bitcoin for Ethereum (or any other crypto) is a taxable event. You recognize a capital gain or loss based on the fair market value of the crypto you received versus your cost basis in the crypto you gave up.
Short-term gains (assets held under 12 months) are taxed as ordinary income at rates up to 37%. Long-term gains (held over 12 months) are taxed at 0%, 15%, or 20% depending on your total taxable income. Holding for over a year can significantly reduce your tax bill.
Your cost basis is what you originally paid for the crypto, including transaction fees. If you received crypto as income (mining, staking, airdrops), your cost basis is the fair market value on the day you received it. If you bought in multiple lots, you can choose FIFO, LIFO, or specific identification methods.
No tax is owed on unrealized losses. If you sold at a loss, you can deduct up to $3,000 of net capital losses against ordinary income per year. Losses beyond $3,000 carry forward to future years. Tax-loss harvesting - selling losing positions to offset gains - is a common strategy.
No, this covers federal tax only. Most US states tax crypto gains as ordinary income at state income tax rates. A few states (Texas, Florida, Nevada, Wyoming) have no state income tax. California taxes all capital gains as ordinary income regardless of holding period.
Have more questions? These calculators provide estimates for educational purposes only. For personalized financial advice, consult with a qualified financial professional. See our disclaimer for more information.