How Much Tax Do I Owe On My Cryptocurrency?

Curious to see how much US federal tax you may owe on a cryptocurrency trade? Here is a tool to try out.

Cryptocurrency Gain / Loss Calculator

date when you acquired the coins
date when you sold the coins

This tool is meant to be used as a guide only. Always consult a qualified professional tax accountant. This tool is based on the IRS Virtual Currency Guidance.

General rules regarding capital gains or losses on cryptocurrencies

Cryptocurrency taxation is a complex matter and it is still evolving. Always work with a qualified CPA to ensure you are reporting cryptocurrency gains and losses correctly.

Ordinary income: Payments received in exchange for services or salary is treated as ordinary income. The fair market value of the coins is defined at the time of receipt.

Mining: Considered as income. The fair market value of the coins is defined at the time it was successfully mined. Cost of mining may be used to offset the gain.

Spending: A taxable event. Generated gains or losses must be reported.

Converting Coins: Converting a cryptocurrency to U.S. dollars or another currency (another coin or non-US dollar fiat) is a taxable event. Generated gains or losses must be reported.

ICOs: In general, this is considered as ordinary income.


Path.Tax do not offer or constitute legal or tax advice. Path.Tax disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns. Always consult a qualified professional tax accountant.

All logos are property of their respective owners. "Let's Encrypt" is a trademark of the Internet Security Research Group. Quicken and TurboTax are registered trademarks of Intuit Inc. Path.Tax is not affiliated with any exchanges or Intuit Inc.

Market prices and news are provided by CoinMarketCap.