YOUR QUICK GUIDE TO CALCULATING CRYPTO TAXES ACCURATELY

Wondering how much you’ll need to pay in cryptocurrency taxes?

Let’s break down how much money you’ll owe to the IRS in different scenarios.

Ordinary income tax: If you earn cryptocurrency — whether through your job, mining, staking, or airdrops — you’ll recognize ordinary income subject to income tax. This can range from 10% - 37% depending on your income level.

Meanwhile, cryptocurrency disposals are subject to capital gains tax. Examples of disposals include selling crypto, trading your crypto for other cryptocurrencies, or making a purchase with crypto.

Long-term capital gains tax: If you’ve held cryptocurrency for more than a year, your disposals will be subject to long-term capital gains tax. This ranges from 0%-20% depending on your income level.

Can You Write Off Crypto Trading Losses on Your Taxes?

By leveraging specialized tax software, you can monitor, analyze, and calculate your investments with ease. This software is designed to automate reporting, calculations, and analysis, allowing you to stay updated on your financial status without the stress. Don’t wait until tax season to figure things out—start using this software now! It empowers you to identify and claim losses through tax loss harvesting, which can significantly minimize your overall tax burden. Plus, it guides you through the complexities of crypto taxes, helping you to learn how to save effectively. Remember, you’re not alone in this journey. Many traders feel intimidated by the tax implications of cryptocurrency, but this software is here to help you navigate through it seamlessly. For more insights on maximizing your savings, check out MAXIMIZE YOUR SAVINGS: HOW TO USE LOSS HARVESTING WITH CRYPTO TAX SOFTWARE

Cryptocurrency Trading Tax Obligations 2025

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How to Do Cryptocurrency Taxes Yourself

1. Import Your Wallets & Exchanges Enter your wallet address, and CoinLedger will automatically pull your NFT transactions from the blockchain. 2. Track Your Gains & Losses Keep an eye on your investment performance and identify opportunities for tax loss harvesting. 3. File Your Taxes with Ease Generate your tax report and export it to your preferred tax software. CoinLedger stands out as the best choice for cryptocurrency tax services, providing users with essential tools to automate the tax process efficiently. With its extensive features and robust support, managing your cryptocurrency taxes has never been easier. Whether you're looking to track your portfolio, file taxes, or leverage tax-loss harvesting opportunities, CoinLedger has you covered. For more information, visit CoinLedger and experience the ease of cryptocurrency tax management today!

Cryptocurrency Tax Software

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