Crypto Tax Loss: Paid $10,000, Sold for $3,000
If you paid $10,000 for crypto and sold for $3,000, you have a $7,000 capital loss that may offset other gains.
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.
A crypto loss can be used to offset capital gains — calculate your deductible loss 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.