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Crypto & tax · MN

Minnesota Crypto Tax Calculator

Estimate your 2025 federal and Minnesota state tax on crypto capital gains, with FIFO, LIFO, or HIFO cost basis.

Cost-basis method — changes which lots are sold
Transactions4
$
$
$
$
Filing status
Other taxable income Excluding crypto
$
Estimated tax owedFIFO
$2,608
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
MN state tax$748
total gains
$11,000
estimated tax
$2,608
effective rate
23.7%

Crypto capital-gains tax in Minnesota

Minnesota has four inflation-indexed brackets from 5.35% to a 9.85% top rate (starting at $198,630 single / $330,410 joint for 2025), with a standard deduction of $14,950 / $29,900 that phases down at high incomes. Minnesota also levies a 1% surtax on net investment income over $1 million, which this estimate does not include.

Common questions

How is crypto taxed in Minnesota?
At the federal level, crypto is property and gains are taxed as short- or long-term capital gains. At the state level, Minnesota taxes crypto capital gains as ordinary income — the same rate as your wages, with no long-term discount.
Does Minnesota have a lower rate for long-term crypto gains?
No — unlike the federal system, Minnesota does not give long-term gains a preferential state rate; they're taxed the same as short-term gains.

How we calculate this

Federal lot-matching per our crypto-tax methodology, plus 2025 Minnesota state treatment of capital gains. Estimates only — not tax advice.

Tax Foundation: 2025 state income tax rates →Minnesota Dept. of Revenue →
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Estimates for general informational purposes only; not tax advice. Crypto tax rules are complex and Minnesota state treatment is simplified here — verify with the state Department of Revenue and a tax professional.