How to calculate crypto profit?

How to Calculate Crypto Profit?

For each sale or swap, profit is: (Sale value or fair market value of what you received) minus (Cost of acquisition). Cost is what you paid to buy that crypto (including fees). If you bought in multiple lots, you need a method to match which lot was sold (e.g. FIFO or specific identification as per rules). Sum all gains and losses from VDA transfers in the year. Only the net gain (after setting off VDA losses in the same year) is taxable at 30%. Keep a spreadsheet or use a crypto tax tool to track cost basis and gains.