Calculate short-term and long-term capital gains tax
Input the price you paid for the asset and the price you sold it for. The calculator will automatically compute your gain or loss.
Choose short-term (held one year or less) or long-term (held more than one year). This significantly affects your tax rate.
Enter your annual taxable income and filing status. This determines which tax bracket applies to your capital gains.
Yes, capital losses can offset capital gains. If your losses exceed gains, you can deduct up to $3,000 per year against ordinary income and carry forward the rest.