Separate a price reference from a tax record
This tool looks up a daily closing price for each selected asset and receipt date, multiplies it by the quantity, and sums those reference amounts. It then multiplies the sum by the federal and state rates you enter. The defaults are illustrative rates; they are not a tax-year schedule or a recommendation.
Build a reproducible reference scenario
- Select a supported symbol and enter a real receipt date and positive quantity.
- Add each reward as a separate entry. The tool does not import a wallet or infer missing receipts.
- Enter flat assumed rates, including zero when desired, and calculate.
- Check every returned price date. Missing exact-date data stops the calculation; no other day is silently used.
- Reconcile the reference values with your actual records before any reporting decision.
Check the arithmetic
Reference value = quantity × daily close. An illustrative reward of 0.01 coins at a $50,000 close gives $500. At assumed rates of 22% and 5%, the two amounts are $110 and $25, or $135 combined. These are scenario amounts, not an assessed tax liability.
US federal rules require receipt records
IRS Notice 2014-21, Q-8 and Q-9 addresses income on receipt of mined virtual currency and self-employment income where mining is a trade or business outside employment. The daily-close reference here does not establish the value of a particular receipt.
The IRS digital-assets guidance explains record keeping and reporting. Retain quantities, timestamps, transaction identifiers and the USD valuation basis. This page does not classify your activity, choose tax forms or calculate allowable expenses and self-employment tax. It also does not track a subsequent disposal or tax lots.
Symbol search is a data lookup, not a list of currently mineable networks. Ethereum ended proof-of-work mining at the Merge. Historical mining records and current staking rewards should not be confused just because a price series uses the same ticker.