Tools · Tax-Loss Harvesting

Tax-loss harvesting:
turn volatility into tax savings.

Bitcoin's volatility creates tax opportunities most people miss. Enter your position and see exactly how much you would save by harvesting a loss, then immediately rebuying at the same price.

This page covers US-specific accounts and tax law. Outside the US? The priority order is the same, the account names differ (ISAIndividual Savings Account (ISA)A UK tax-advantaged account where contributions are post-tax but all growth and withdrawals are tax-free.Full definition in the UK, TFSATax-Free Savings Account (TFSA)A Canadian tax-advantaged account where contributions are post-tax but all growth and withdrawals are tax-free.Full definition/RRSPRegistered Retirement Savings Plan (RRSP)A Canadian tax-deferred retirement account; contributions reduce taxable income and growth is tax-deferred until withdrawal.Full definition in Canada, Super in Australia, etc.).
NET TAX SAVINGS
$0
···
UNREALIZED POSITION
$0
GROSS TAX OFFSET
$0
BEFORE & AFTER
BEFORE HARVEST
AFTER HARVEST + REBUY
WASH-SALE RULE STATUS ×DON'T TRUST, VERIFYClaim: Wash-sale rule does not currently apply to Bitcoin per IRS treatment of virtual currency as property.Verify at: IRS Notice 2014-21 ↗ · congress.gov for pending legislation ↗Several bills have proposed extending wash-sale rules to crypto. Verify current law before acting.

The wash-sale rule does not currently apply to Bitcoin. You can sell at a loss and immediately rebuy at the same price and still claim the tax loss. This could change. Several bills have proposed extending wash-sale rules to cryptocurrency. Verify current law before acting.

What this tool assumes
  • Wash-sale rule: you cannot buy substantially identical security 30 days before or after.
  • Harvested losses offset capital gainscapital gainsThe profit from selling an asset for more than you paid for it. Taxed differently depending on how long you held the asset. first, then up to $3,000 of ordinary income per year.

Not financial or tax advice. US tax law. Consult a CPA.

Related

→ Bitcoin Taxes → Bitcoin State Taxes → Cost Basis Tracker
HOW THIS IS CALCULATED

This tool runs entirely in your browser — no data is sent to any server. All formulas use standard financial math. Verify the methodology or inspect the source code in your browser's dev tools.