Introduction
The CoinTax US Crypto Tax Calculator makes it easy to estimate your cryptocurrency tax liability in minutes. Here’s how to use it effectively.
What You Need
- Purchase price (cost basis) of your cryptocurrency
- Sale price or fair market value at time of disposal
- Your annual income and filing status
- Whether the holding period is short-term or long-term
Example Calculation
Scenario: You bought Bitcoin for $5,000 and sold it for $15,000. You’re a single filer with $80,000 annual income. Your holding period was 14 months (long-term).
Result: Your capital gain is $10,000. As a single filer in the $80,000 income bracket, your long-term CGT rate is 15%, resulting in approximately $1,500 in tax.