Needs some help from anyone thats sold recently from Coinbase. Its less then $10k value, have had it for years and just want the cash now. Any advantage or disadvantage in selling now or waiting until January so shows up next year for taxes? My tax bracket will not change next year so thinking it does not matter. It should be long term gains so maybe around 20% or less for tax? Also do I have to pay estimated tax or just add it as income on this years tax return? I believe Coinbase will send the right form to me for taxes. And if I have it all wrong let me know that also

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Posted by Tsw

Member since Dec 2020

105 posts

Posted on 12/3/25 at 4:57 pm to Amblin

It's difficult to give you a definite answer missing some details. However, if it is a LTCG, it will be taxed at 0%, 15%, or 20% whichever is applicable to you. Regarding estimated payments, you can pay it now, but as long as you meet the IRS safe harbor requirements it may not be necessary, and you can just pay the tax by April 15th. I recommend reviewing the LTCG rates and IRS Safe Harbor rules to figure it out.

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Posted by KWL85

Member since Mar 2023

3120 posts

Posted on 12/6/25 at 2:04 pm to Amblin

It will be long term cap gains rate, which is 0%, 15%, or 20% depending on taxable income. Look at the cap gain rate chart to determine if selling this year vs next will affect which rate you will pay. If married, the rate is 0% up to 96k, 15% up to $600k, and 20% above that.

Technically, you owe the tax in the quarter that you incur the income. You file with normal tax return if you sell in 4th quarter. You are supposed to pay it by end of Q1 if selling in January. Years ago, they gave you a pass on penalty the first time you pay late, but then charged interest by day for every day paid late. I am not sure if this rule is still in place.

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