December 15, 2024
2024 Crypto Tax Changes You Need to Know
Stay updated with the latest IRS regulations and avoid costly mistakes.
Read More →Crypto Tax Tools
Everything you need to calculate, track, and optimize your crypto taxes
Capital Gains Calculator
Calculate your crypto gains and losses with FIFO, LIFO, or HIFO methods
DeFi Tax Tracker
Track your DeFi transactions, staking rewards, and yield farming income
NFT Tax Calculator
Handle NFT minting, trading, and royalty income for tax purposes
Capital Gains Calculator, the DeFi Tax Tracker, the NFT Tax Calculator, the Mining Income Tracker, the portfolio analyzer and the Tax Report Generator
Monitor your mining rewards and calculate taxable income
Portfolio Analyzer
Get detailed insights into your crypto portfolio performance
Tax Report Generator
Generate IRS-compliant tax reports in minutes
Powerful Features
Everything you need for accurate crypto tax calculations
Real-Time Calculations
Get instant tax calculations as you trade with live market data integration
Multiple Cost Methods
Choose from FIFO, LIFO, HIFO, or specific identification for optimal tax outcomes
IRS-Compliant Reports
Generate Form 8949, Schedule D, and other required tax documents automatically
Exchange Integration
- • Connect 100+ exchanges automatically
- • Import transaction history in seconds
- • Real-time sync across all platforms
DeFi & NFT Support
- • Track staking rewards and yield farming
- • Handle NFT trades and royalties
- • Calculate DeFi protocol taxes
Crypto Tax Calculator
Calculate your crypto gains and losses in minutes
Enter Transaction Details
Quick Tips
- • Short-term gains: held less than 1 year
- • Long-term gains: held 1+ years
- • Use HIFO for highest cost basis
- • Track all transaction fees
Tax Rates
Short-term: 10-37% based on income
Long-term: 0%, 15%, or 20%
Important
This calculator provides estimates. Consult a tax professional for final filing.
Your Tax Results
Complete breakdown of your crypto tax obligations
Capital Gains Summary
Total Gain
$5,000.00
Tax Owed
,250.00
Purchase Amount
0.5 BTC @ $50,000 = $25,000
Sale Amount
0.5 BTC @ $60,000 = $30,000
Holding Period
365 days (Long-term)
Tax Rate
15% (Long-term capital gains)
Transaction Details
| Date | Type | Amount | Price | Gain/Loss |
|---|---|---|---|---|
| 2023-01-15 | Buy | 0.5 BTC | $50,000 | - |
| 2024-01-15 | Sell | 0.5 BTC | $60,000 | +$5,000 |
Latest Crypto Tax Insights
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Read More →What Our Users Say
Trusted by thousands of crypto investors worldwide
Michael Chen
Crypto Trader
★★★★★
"Saved me hours of calculations. The DeFi support is incredible - finally found a tool that handles my complex yield farming transactions correctly."
Sarah Williams
NFT Investor
★★★★★
"Perfect for tracking my NFT portfolio. The automatic exchange sync is a game-changer - no more manual data entry for hundreds of trades."
David Rodriguez
CPA
★★★★★
"As a CPA, I recommend this to all my crypto clients. The IRS-compliant reports are accurate and save me significant preparation time."
Frequently Asked Questions
Everything you need to know about crypto taxes
Do I need to pay taxes on crypto?
Yes, the IRS treats cryptocurrency as property. Any sale, trade, or exchange triggers taxable events.
What's the difference between short-term and long-term gains?
Short-term gains (held less than 1 year) are taxed as regular income. Long-term gains (held 1+ years) get preferential rates.
How do I calculate mining income?
Mining rewards are taxed as ordinary income based on fair market value at time of receipt.
What about DeFi staking rewards?
Staking rewards are taxable as ordinary income when received. Subsequent sales may trigger capital gains.
Can I use FIFO for all my trades?
Yes, FIFO is the default method. You can also use LIFO, HIFO, or specific identification if properly documented.
Do I report crypto-to-crypto trades?
Absolutely. Every crypto-to-crypto trade is a taxable event requiring calculation of gain or loss.
Stay Updated on Crypto Taxes
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- • Weekly tax law updates
- • Exclusive calculation tips
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About CryptoTax Pro
Simplifying crypto taxes for traders worldwide
Our Mission
We make crypto tax compliance simple and accessible for everyone. Our platform handles complex calculations so you can focus on trading.
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Accurate Calculations
Real-time tax calculations across all exchanges
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IRS Compliance
Generate compliant tax reports instantly
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Expert Support
24/7 assistance from crypto tax professionals
