Crypto Portfolio Tax Calculator
Short vs long-term gains, staking income, mining SE tax, and loss harvesting opportunities. Crypto has NO wash sale rule — harvest losses freely.
Crypto is NOT subject to the wash sale rule
Unlike stocks, you can sell crypto at a loss and immediately re-buy it — the loss is still deductible. This is a major tax planning advantage over equities. (The wash sale rule under IRC §1091 applies only to “securities” — crypto is not classified as a security.)
Crypto Positions
2/10Tax Summary
Estimated crypto tax owed
$176
Effective rate on crypto income: 22.0%
Short-term tax
$0
22% rate
Long-term tax
$0
15% rate
Staking tax
$176
ordinary income
Mining tax + SE
$0
incl. 15.3% SE
Unrealized gains
$17,000
No tax until sold
Unrealized losses
-$2,500
Harvestable (no wash sale!)
Tax-Loss Harvesting Opportunities
You have unrealized losses you could harvest now. Since crypto is NOT subject to the wash sale rule, you can sell and immediately re-buy to lock in the loss — saving an estimated $550 in taxes.
Key Crypto Tax Facts
- •No wash sale rule: You can sell at a loss and rebuy immediately. IRC §1091 applies only to “securities” — crypto is not a security (yet).
- •No like-kind exchange: Post-2018 (TCJA), crypto-to-crypto swaps are taxable events. Only real property qualifies for §1031.
- •Staking income: Rev. Rul. 2023-14 confirmed — staking rewards are ordinary income when received at FMV, regardless of lockup.
- •Mining income: SE tax (15.3%) applies on top of ordinary income tax if mining as a trade or business.
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