Back
crypto

Crypto Tax Calculator (US)

Calculate US federal tax liability on cryptocurrency gains. Estimate short-term and long-term capital gains tax for crypto trading and investments.

Crypto Tax Calculator (US)

What is Crypto Tax Calculator (US)?

A US crypto tax calculator computes capital gains tax liability on cryptocurrency trades, sales, and disposals based on IRS regulations. Tracks cost basis using FIFO, LIFO, or specific identification methods, calculates short-term gains (held <1 year, taxed as ordinary income up to 37%) versus long-term gains (held >1 year, taxed at 0%, 15%, or 20% based on income), and generates tax reports for IRS Form 8949 and Schedule D. Essential for crypto investors filing US taxes, avoiding IRS penalties, accurately reporting gains and losses, and optimizing tax strategies through tax-loss harvesting and timing sales strategically.

Key Benefits & Use Cases

Avoid costly IRS penalties and audits by accurately calculating crypto tax obligations—the IRS treats crypto as property, requiring reporting of every sale, trade, or disposal. Optimize tax liability through strategic planning like tax-loss harvesting (selling losers to offset winners), holding assets >1 year for preferential long-term rates, or timing sales across tax years. Save thousands in taxes by understanding which cost basis method (FIFO, LIFO, specific ID) minimizes your tax bill for each situation. Generate compliant tax reports showing every transaction, cost basis, proceeds, and gain/loss for easy IRS filing. Used by crypto traders, tax professionals, CPAs, and investors managing portfolios across exchanges like Coinbase, Binance, Kraken to ensure complete tax compliance.

How to Use This Calculator

Enter each crypto transaction including purchase date, purchase price (cost basis), sale date, sale price, and quantity. Select your cost basis method (FIFO default for IRS, but can elect specific ID). The calculator determines if each transaction qualifies as short-term or long-term based on holding period, applies appropriate tax rates based on your income bracket, and calculates total tax liability. For complex portfolios with hundreds of transactions, import CSV files from exchanges. Review the detailed transaction report showing each sale, cost basis, proceeds, and calculated gain/loss. Use tax-loss harvesting suggestions to offset gains with strategic losses. Export completed forms for tax filing or share with your CPA.

Frequently Asked Questions

Common questions about crypto tax calculator (us)

Popular Calculators

BMI CalculatorCompound InterestMortgage CalculatorAge CalculatorTip CalculatorAll Finance Calculators