Calculate cryptocurrency profit or loss including fees and taxes.
LT: 0/15/20% based on income
ROI: 66.1%
Tax owed: $2,981
| Total Cost Basis | $30,050 |
| Total Revenue | $49,925 |
| Gross Profit/Loss | $19,875 |
| Tax Owed | $2,981 |
| After-Tax Profit | $16,894 |
| ROI | 66.1% |
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Profit = (Sale Price โ Purchase Price) ร Quantity โ Fees
Tax = Profit ร Capital Gains Rate (0/15/20% LT or ordinary rate ST)
Profit = (Sell Price ร Quantity) - (Buy Price ร Quantity) - Buy Fees - Sell Fees. Example: Buy 1 BTC at $30K, sell at $50K = $20K gain minus fees.
Short-term (held โค1 year): taxed as ordinary income at 10-37%. Long-term (held >1 year): 0%, 15%, or 20%. Track holding period for every purchase.
Both buy and sell fees are deductible. Gas fees, exchange fees, and transfer fees all reduce your taxable gain. Keep records.
Use FIFO (first-in, first-out), LIFO, or specific identification. FIFO is default. Crypto tax software automates this across thousands of transactions.
No โ crypto is only taxed when you sell, trade, or spend it. Holding is not a taxable event, even if value increases significantly.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.