Crypto Tax Calculator
Calculate capital gains on cryptocurrency trades using the FIFO (first-in, first-out) accounting method.
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FIFO Capital Gains
Total Proceeds$36,000.00
Total Cost Basis$25,500.00
Total Capital Gain/Loss+$10,500.00
FAQ
What is the FIFO method for crypto taxes?›
FIFO (first-in, first-out) means the first coins you purchased are treated as the first coins you sold. This method is widely accepted by tax authorities and is the default method used by the IRS for calculating capital gains on cryptocurrency dispositions.
Do I owe taxes every time I sell crypto?›
Yes. In most jurisdictions, selling cryptocurrency is a taxable event that triggers a capital gain or loss. This includes trading one crypto for another, using crypto to buy goods, and converting to fiat currency. Holding without selling does not create a taxable event.