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Crypto Tax University - #3 Long term vs Short term crypto capital gains tax ratesLearn how to use TaxAct's free Bitcoin Tax Calculator to determine your tax bracket and the tax rate on any Bitcoin profits incurred. In order to calculate crypto capital gains and losses, we need a simple formula: proceeds - cost basis = capital gain. This tool can help you estimate your capital gains/losses, capital gains tax, and compare short term vs. long-term capital gain.