Crypto Tax: $1,000 Bitcoin Bought, Sold for $10,000 (Long-Term)
A $1,000 cost basis sold for $10,000 after more than a year results in a $9,000 long-term capital gain, taxed at 15% equals $1,350 owed.
How to use this tool
- Enter your total cost basis (what you paid, including fees).
- Enter the total proceeds from the sale (what you received, after fees).
- Enter your short-term and long-term tax rates.
- Select whether the holding period is short-term (under 1 year) or long-term.
- Read the capital gain or loss, estimated tax, and net after-tax proceeds.
Calculate the tax owed on a 10x Bitcoin gain when you held for more than one year and qualify for long-term rates.
Frequently asked questions
- What is cost basis in crypto?
- Cost basis is the original value of the crypto for tax purposes — typically the purchase price plus any fees paid to acquire it. Accurate records are essential for correct tax reporting.
- Are crypto losses tax-deductible?
- In most jurisdictions, capital losses can offset capital gains, reducing your tax bill. If losses exceed gains, you may be able to carry them forward to future years. Check local tax rules.
- Does this cover every country?
- No — tax treatment of crypto varies by country. This calculator uses the US model (short-term vs long-term rates) as an illustration. Always consult a tax professional in your jurisdiction.