North Carolina Crypto Tax Calculator
We built this free crypto tax calculator for residents of North Carolina who want to check calculations quickly. Our calculator is for informational purposes only. Please consult a CPA or tax professional. Use cryptocurrency tax accounting software if you have lots of trades.
North Carolina taxes all capital gains at a flat rate of 4.25%, regardless of income level or holding period. To calculate Federal taxes, please use our USA tax calculator.
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Calculate for freeNorth Carolina Tax Rate (2024)
Type of Gain | Tax Rate |
---|---|
All Capital Gains | 4.25% |
Cryptocurrency Taxation in North Carolina
Key Points
- Flat Rate Taxation: North Carolina applies a flat 4.25% tax rate to all capital gains.
- Simplified System: No distinction between short-term and long-term gains.
- Predictable Tax: Same rate applies regardless of income level.
- Mining Income: Crypto mining is treated as self-employment income and taxed at the same 4.25% rate.
Common Tax Situations
Trading & Investment
All crypto trades, including crypto-to-crypto transactions, are taxable events. The flat 4.25% rate applies to all gains.
Tax Planning Tips
While North Carolina's tax system is straightforward with its flat rate, keep detailed records of all transactions for accurate reporting. Consider timing sales to offset gains with losses.