US Crypto Tax Center
The IRS treats cryptocurrency as property, not currency — every sale, swap, or spend is a taxable disposal. Short-term gains (≤1 year) are taxed at ordinary-income rates; long-term (>1 year) at 0%, 15% or 20%.
No Transaction Data
Sync your trade history from connected exchanges or import transactions to calculate capital gains
Short-Term Gains
$0.000000
Long-Term Gains
$0.000000
Total Losses
$0.000000
Net Gain/Loss
$0.000000
Estimated Tax Liability — 2026
Estimates after applying losses against short-term gains first. Informational only.
Highest state rate — up to 13.3% on crypto gains
Taxable Events
Trigger reporting- Sell crypto for USDForm 8949 + Schedule D
Capital gain/loss = proceeds − cost basis
- Swap crypto for cryptoForm 8949
BTC → ETH is a disposal — gain on the BTC leg
- Spend crypto on goodsForm 8949
Paying with crypto = selling it at fair market value
- Mining rewardsSchedule 1 / Schedule C
Ordinary income at FMV when received; cost basis = FMV
- Staking rewardsSchedule 1
Ordinary income when you gain dominion & control
- AirdropsSchedule 1
Ordinary income at FMV on receipt
- Hard forksSchedule 1
New coins taxed as ordinary income at FMV
- Crypto as paymentW-2 / 1099-NEC
Wages / contractor pay taxed as ordinary income
Non-Taxable Events
No disposal- Buy crypto with USD
No gain/loss until you dispose of it
- Hold (HODL)
Unrealised gains are never taxed
- Transfer between your wallets
Same-owner transfers don't trigger tax (keep records)
- Gift up to $19,000 / recipient
2025 annual exclusion. Above triggers gift-tax filing but rarely tax.
- Donate to qualified charity
Deduct FMV if held >1 year — no capital gain recognised
- Receive a bona fide gift
Not income. Inherit the donor's cost basis.
- Borrow against crypto
Loans aren't income. Liquidation of collateral is.
- Buy NFT with USD
Purchase with fiat is not a disposal
2026 Federal Rates (Single Filer)
| Taxable Income | Short-Term | Long-Term |
|---|---|---|
| Under $48,350 | 12% | 0% |
| $48,350 – $103,350 | 22% | 15% |
| $103,350 – $197,300 | 24% | 15% |
| $197,300 – $250,525 | 32% | 15% |
| $250,525 – $533,400 | 35% | 15% |
| $533,400 – $626,350 | 35% | 20% |
| Over $626,350 | 37% | 20% |
Short-term gains stack on top of ordinary income. Long-term rates are flat tiers (0/15/20%) based on total taxable income. Net investment income tax (NIIT) of 3.8% may apply above $200k single / $250k MFJ.
State Tax Snapshot
Zero state income tax
Highest marginal rates
Wyoming recognises DAOs as legal entities and charters digital-asset banks — widely considered the most crypto-friendly US state.
No taxable events for 2026
Educational summary of 2025–2026 IRS guidance on digital assets. Not tax advice. State rules and filing thresholds change — consult a CPA or licensed tax professional for your situation.