Crypto Tax When You Break Even: Bought and Sold for $5,000
Buying and selling crypto for the same price of $5,000 results in a $0 capital gain and no tax 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.
When proceeds equal your cost basis there is no taxable gain — confirm that outcome here.
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.