Crypto Tax

Compare FIFO and HIFO cost basis to size the tax on a crypto sale.

Sale proceeds $30,000

FIFO cost basis $12,000

HIFO cost basis $20,000

Other taxable income $90,000

Holding period

HIFO Savings vs FIFO

FIFO Tax

HIFO Tax

Cost Basis Method Comparison

💡 What This Means

Crypto Tax Calculator

The Crypto Tax Calculator shows how your choice of cost basis method changes the tax on a sale. You enter your sale proceeds, the FIFO and HIFO cost basis figures, your other income, and whether the holding was short or long-term, and it returns the gain and tax under each method plus the savings. FIFO sells your oldest lots first, while HIFO sells your highest-cost lots first to shrink the taxable gain. The right method depends on which lots you own and how long you held them. Use it before you file so you report the sale in the way that fits the rules and keeps the most after tax. It prices the difference in plain dollars.