Finance & Economics / Blockchain & Crypto
Crypto Tax Loss Harvesting Calculator
2024 Capital Gains
Crypto Loss Positions
Loss: $2,000
Tax Loss Harvesting Guide
How It Works:
- Sell crypto assets at a loss before Dec 31
- Offset capital gains dollar-for-dollar
- Offset up to $3,000 of ordinary income
- Carry forward unlimited losses to future years
Wash Sale Rule:
- Currently does NOT apply to crypto (as of 2024)
- You can immediately rebuy the same asset
- This may change with future legislation
Strategy Tips:
- Review portfolio in November/December
- Prioritize short-term losses (higher tax rate)
- Keep detailed records of all transactions
- Consider rebalancing to similar assets
Disclaimer: This calculator provides estimates only. Consult a tax professional for personalized advice. Tax laws change frequently.
Use this crypto tax loss harvesting calculator to compute blockchain & crypto results from your inputs.
Formula
Unrealized loss per holding = (Purchase price - Current price) × Quantity Total harvestable losses = Sum of all negative holdings Gains to offset = min(Other capital gains, Total losses) Excess loss to deduct from income = min($3,000, Total losses - Gains offset) Tax savings = (Gains offset × Capital gains rate) + (Excess loss × Income rate) Carryforward loss = Total losses - Gains offset - Excess loss