💰 Crypto Tax Calculator

Calculate your cryptocurrency capital gains and tax obligations

Add Transaction

The price you paid per coin when buying
The price you sold per coin
Number of coins bought/sold
Time between purchase and sale (12+ months for long-term gains)

Transaction Fees

Exchange fees, gas fees, etc. for buying
Exchange fees, gas fees, etc. for selling

Tax Information

Select your income tax bracket (long-term gains may qualify for lower rates)

Transaction History

Purchase Price Sale Price Quantity Holding Period Gain/Loss Type

Investment Summary

Total Investment

$0.00

Total Return

$0.00

Net Profit/Loss

$0.00

Return on Investment

0%

Tax Breakdown

Capital Gains

$0.00

Effective Tax Rate

0%

Tax Amount

$0.00

Net After Tax

$0.00

Understanding Crypto Taxes: A Complete Guide

What are Cryptocurrency Taxes?

Cryptocurrency taxes are the obligations you have to pay on profits made from buying and selling cryptocurrencies. In most jurisdictions, cryptocurrencies are treated as property for tax purposes, which means they're subject to capital gains tax rules. When you sell, trade, or dispose of cryptocurrency at a profit, you'll need to pay taxes on those gains.

How to Use Our Crypto Tax Calculator

Our calculator helps you estimate your crypto tax obligations in a few simple steps:

  1. Enter your purchase price (the price you paid per coin)
  2. Input the sale price (what you sold each coin for)
  3. Specify the quantity of coins involved
  4. Add your holding period in months
  5. Include any transaction fees paid for buying and selling
  6. Select your tax bracket

The calculator will then show you your total gains, tax obligations, and after-tax profits.

Understanding the Results

The calculator provides two main sets of results:

  • Investment Summary: Shows your total investment, returns, net profit/loss, and ROI
  • Tax Breakdown: Details your capital gains, tax rate, tax amount, and after-tax profits

These calculations help you understand both your investment performance and tax obligations.

Important Tax Considerations

When calculating your crypto taxes, keep in mind:

  • Transaction fees can be added to your cost basis
  • Holding period affects tax rates in many jurisdictions
  • Different tax brackets impact your final tax obligation
  • Losses can often be used to offset gains
  • Keep detailed records of all transactions

Tax Record Keeping Tips

Maintain accurate records of your crypto transactions including:

  • Date and time of purchases and sales
  • Price per coin for each transaction
  • Number of coins bought or sold
  • Transaction fees paid
  • The cryptocurrency exchange used

Conclusion

Understanding and calculating your crypto tax obligations is crucial for staying compliant with tax regulations. Our calculator provides a straightforward way to estimate your tax obligations, but remember to consult with a tax professional for personalized advice based on your specific situation.

Frequently Asked Questions

How are cryptocurrencies taxed?

Cryptocurrencies are typically treated as property for tax purposes. This means when you sell or trade crypto at a profit, you'll owe capital gains tax. The rate depends on your holding period and tax bracket.

What's the difference between short-term and long-term capital gains?

Short-term gains (assets held less than a year) are taxed at your regular income tax rate. Long-term gains (assets held more than a year) typically qualify for lower tax rates, depending on your tax bracket.

Do I need to pay taxes on crypto-to-crypto trades?

Yes, crypto-to-crypto trades are taxable events. Each trade needs to be calculated in your local currency (e.g., USD) to determine gains or losses.

What happens if I lose money on crypto trades?

Crypto losses can be used to offset capital gains and, in some cases, up to $3,000 of regular income per year. Excess losses can be carried forward to future tax years.

Do I need to pay taxes on mining rewards?

Yes, mining rewards are typically treated as self-employment income and are taxed at your regular income tax rate when received. When you sell mined coins, you'll also owe capital gains tax on any appreciation.

How do I report crypto taxes?

In the US, crypto trades are reported on Form 8949 and Schedule D of your tax return. Mining income is reported on Schedule C. Different countries have different reporting requirements, so consult local tax guidelines.