Calculate capital gains tax on cryptocurrency sales.
ROI: 137.6%
15.0% rate (long-term)
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Crypto = Property for tax purposes (IRS Notice 2014-21)
Short-term (≤1yr): ordinary income. Long-term (1yr+): 0/15/20%
Long-term (>1 year): 0%, 15%, or 20% based on income. Short-term (≤1 year): your ordinary income rate (10-37%). State taxes may apply too.
No — unrealized gains are not taxed. But crypto-to-crypto trades ARE taxable. Selling BTC for ETH triggers capital gains tax.
Selling for fiat, trading crypto-to-crypto, spending crypto, receiving mining/staking rewards, earning crypto as income. NFT sales are also taxable.
Yes — crypto losses can offset crypto gains and other capital gains. Up to $3,000 of net losses can offset ordinary income annually. Losses carry forward.
Every transaction: date, amount, price in USD at time of transaction, fees, and wallet addresses. Exchanges provide 1099 forms. Use crypto tax software.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.