How does the crypto tax calculator work?
Using our free crypto tax calculator is simple:
Enter your profit or loss and select your state.
The calculator applies the latest IRS capital gains brackets with your state rate.
Fees you include are either added to your cost basis or subtracted from your proceeds to give you the most accurate result.
Pro tip
This calculator is for one-off checks or when planning a sale. Bookmark it and use it any time, no sign-up required.
How is cryptocurrency taxed?
In the US, the IRS treats crypto as property. Selling, swapping, or spending crypto usually creates a capital gain or loss based on the difference between your cost basis and the crypto’s fair market value when you dispose of it.
If you held the crypto for one year or less, any gain is typically taxed at ordinary income rates of 10% to 37%. If you held it for more than one year, long-term capital gains rates usually apply at 0%, 15%, or 20%.
Crypto received as income, such as staking rewards, is generally taxed as ordinary income based on its fair market value when you receive it. That value also becomes your cost basis if you later sell, swap, or spend the crypto.
Calculating crypto capital gains
Calculate your crypto capital gains or losses by subtracting the cost basis (the price at acquisition with fees) from the sale price of your crypto (with fees). TokenTax helps facilitate this by automatically fetching transaction details and applying the appropriate tax rules for short- or long-term gains.
What affects your crypto taxes
Your location
Know your filing status
The importance of your annual income
Fees in relation to your tax bill
Length of ownership