Calculate your cryptocurrency profit/loss, capital gains, and tax implications. Track your crypto investments and determine taxable gains.
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Cryptocurrency gains are taxed as capital gains. Short-term gains (held less than 1 year) are taxed at your ordinary income tax rate, while long-term gains (held 1 year or more) are taxed at preferential rates (0%, 15%, or 20% depending on your income).
Unrealized gains are paper profits on investments you still hold. Realized gains occur when you sell the investment. Only realized gains are subject to taxation.
Yes, you can use crypto losses to offset other capital gains. If your losses exceed your gains, you can deduct up to $3,000 of net losses against other income, with remaining losses carried forward to future years.