Table of Contents
Free Crypto Tax Calculator for 2021, 2022
The popularity of cryptocurrency/Bitcoin investments continues to skyrocket. According to a May 2021 poll, 51% of Americans who possess cryptocurrencies did so for the first time in the previous 12 months.
However, even though interest in cryptocurrencies continues to expand and the IRS has provided further guidelines on virtual currency, prospective investors still have issues about what to do with it and how it is taxed.
If you’re new to the crypto investment industry, you may have questions like, “How is my cryptocurrency taxed?” or “How are my gains taxed?” or “How much is the tax on my cryptocurrency sales?”
Don’t worry if you have these concerns; we’ve got you covered. You can check out our Free Cryptocurrency Tax Calculator, which will answer all of your questions concerning cryptocurrency, Bitcoin, other alt-coin transactions and provide an estimate of how much you will be taxed, among other things.
You may also find out whether you have a capital gain or loss. In addition, our crypto tax calculator will assist you in estimating your taxes when you sell, whether you purchased your cryptocurrency or accepted it as payment for services.
What About Filing Your Taxes and Crypto?
When it comes time to file your taxes, TurboTax Premier will walk you through your bitcoin transactions, allowing you to seamlessly import up to 4,000 cryptocurrency transactions at once and calculate your profits and losses.
You may also connect live through one-way video to a TurboTax Live Premier tax professional with an average of 12 years of expertise to have your questions addressed and your taxes evaluated along the process. You may also completely delegate your taxes to a TurboTax Live Premier tax professional from start to finish, all from the comfort of your own home.