Trade Details

Buy Price ($) $30,000

Sell Price ($) $65,000

Amount Sold (units) 0.50

Annual Income ($) $80,000

Holding Period

Filing Status

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$5,250

Estimated Tax Owed

$17,500

Capital gain

15%

Tax rate

$12,250

Net after tax

Long-term

Gain type

Long-term gain of $17,500 taxed at 15%. You owe ~$2,625, keeping $14,875 after tax.

Gross gain · Tax owed · Net profit

⚡ Quick Summary

What it does: Estimates US capital gains tax on crypto trades — comparing short-term (ordinary income rates) vs long-term (0/15/20% preferential) tax liability.
Key rule: Hold for 12 months + 1 day before selling to qualify for long-term rates. For top earners, this alone reduces tax rate from 37% to 20% — a 17-point saving on every dollar of gain.
Polymarket note: Each position share has a cost basis (what you paid). When it resolves YES at $1, your taxable gain = $1 − cost basis. Short-term rate applies since markets resolve in weeks/months.
Bottom line: This tool gives estimates only. For a complete, IRS-ready report across all your crypto activity, use CoinLedger to auto-import your wallet history.

How Crypto Is Taxed in the US

The IRS classifies cryptocurrency as property. Every time you sell, trade, or otherwise dispose of crypto, you trigger a taxable event. If you hold for less than one year, gains are taxed as ordinary income (10–37%). Hold for one year or more for preferential long-term rates of 0%, 15%, or 20%.

Does Polymarket Income Get Taxed?

Yes. Polymarket profits are taxable. Use CoinLedger to generate a full transaction report from your Polymarket wallet history.

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Crypto Tax Estimator

How Crypto Is Taxed in the US

Does Polymarket Income Get Taxed?

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