Crypto Tax Calculator
Estimate US federal tax on selling, swapping or spending cryptocurrency.
About the Crypto Tax Calculator
Choose your filing status and enter your other taxable income, what you paid for the crypto and what you sold it for, and whether you held it more than a year. The calculator gives the federal tax on the gain.
The IRS treats crypto as property. Selling it, trading one coin for another or paying for goods with it are taxable disposals: the gain is proceeds minus your cost basis. Coins held more than a year get long-term rates; mining and staking rewards are ordinary income when received.
The formula
Gain = proceeds − cost basis; taxed at capital gains rates
Worked example
Single filer with $60,000 of income; bought for $5,000, sold for $12,000 after more than a year
- Gain: $7,000
- All of it falls in the 15% long-term band
- Federal tax: $1,050
Questions people ask
Is buying crypto taxable?
No. Buying with dollars and holding isn't taxed; disposing is.
Do I report small trades?
Yes. Every disposal goes on Form 8949; brokers now issue Form 1099-DA.