Before You Sell: Exit Planning Best Practices
Splitting exits across multiple price targets reduces timing risk. If your target is $100K BTC, consider selling 20% at $80K, 30% at $100K, and 50% at $130K rather than 100% at a single price.
Assets held over 1 year qualify for long-term capital gains (~15%), while short-term gains are taxed as ordinary income (~30%+). Waiting a few extra weeks to cross the 1-year mark can save you thousands.
When executing large sells, limit orders let you control the exact price. Market orders on large positions can cause slippage, especially on thinner order books.
Set aside your estimated tax obligation immediately after selling. Many people spend their gross proceeds and face a painful tax bill. Your net proceeds — not gross — are what you actually have.
Record the date, quantity, price, exchange, and transaction ID for every sell. Your CPA needs this for accurate reporting, and exchanges don't always provide clean records.
Add a Holding
Add a holding above to start building your exit plan.
Want a printable worksheet to plan your exit offline?
No data leaves your browser. All calculations are performed locally.