Crypto Tax Calculator
Calculate capital gains tax on cryptocurrency transactions. Add buy and sell events, choose your cost basis method (FIFO, LIFO, HIFO), and see per-transaction gains, total tax liability, and tax-loss harvesting opportunities.
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How to Use Crypto Tax Calculator
- 1Add your cryptocurrency transactions (buy and sell).
- 2Select a cost basis method (FIFO, LIFO, or HIFO).
- 3Enter your filing status and other income.
- 4View per-transaction gains and total tax estimate.
Frequently Asked Questions
How is cryptocurrency taxed?▾
Crypto is taxed as property. Selling, trading, or spending crypto triggers a taxable event. Gains are short-term (ordinary income rates) if held under 1 year, or long-term (0/15/20%) if held over 1 year. Simply holding or transferring between your own wallets is not taxable.
What is the best cost basis method?▾
FIFO (First In First Out) is the default. LIFO (Last In First Out) may reduce taxes in rising markets. HIFO (Highest In First Out) minimizes gains by selling highest-cost lots first. Choose the method that results in the lowest tax for your situation.
What about crypto-to-crypto trades?▾
Trading one cryptocurrency for another (e.g., BTC to ETH) is a taxable event. You must calculate the gain/loss based on the fair market value at the time of the trade, using USD as the reference.
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About Crypto Tax Calculator
Calculate capital gains tax on cryptocurrency transactions. Add buy and sell events, choose your cost basis method (FIFO, LIFO, HIFO), and see per-transaction gains, total tax liability, and tax-loss harvesting opportunities.
NexTool's Crypto Tax Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.
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