Hi @BtcOnly,
Assuming the crypto has been held for investment, and for a period longer than one year, it will be taxed at long term capital gains rates. This tax is calculated separately from you ordinary income, with standard tax brackets.
Following your example, a married filing joint couple will have their ordinary income of $364,200 taxed through the 24% tax bracket. Separately, the capital gains of 90k from selling crypto held long term will be taxed at 15%. Net Investment Income Tax will also apply. The tax from each will then be summed together to reach the total tax liability for the year.
The Net Investment Income Tax (NIIT) is generally 3.8% of the amount of Modified Adjusted Gross Income (MAGI) that exceeds the applicable thresholds or the net investment income—whichever is the smaller figure. The thresholds are:
- Filing a joint return or qualifying surviving spouse status: $250,000
- Married filing separately: $125,000
- Single and head-of-household: $200,000
The NIIT is calculated on form 8960. Here is some additional information regarding NIIT and form 8960: https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-form-8960-net-investment-income-t...
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