Tax on disposals of digital assets.
A worked example
Starting figures
- Proceeds
- $32,000
- Cost basis
- $18,000
- Tax rate
- 20%
- Losses to offset
- $0
What it returns
- Tax due
- $2,800
- Net gain kept
- $11,200
- Gross gain
- $14,000
- Taxable gain
- $14,000
How to read the results
With the defaults above, tax due works out at $2,800.