What are the 2022 long term capital gains tax brackets for cryptocurrency investments?
JedyAndyMay 29, 2022 · 3 years ago1 answers
Can you provide the long term capital gains tax brackets for cryptocurrency investments in 2022? I would like to know the different tax rates based on the holding period of the cryptocurrency.
1 answers
- May 29, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, can provide you with the long term capital gains tax brackets for cryptocurrency investments in 2022. The tax rates are as follows: - For individuals with a taxable income of up to $40,000, the tax rate is 0%. - For individuals with a taxable income between $40,001 and $441,450, the tax rate is 15%. - For individuals with a taxable income above $441,450, the tax rate is 20%. These rates apply to cryptocurrency investments held for more than one year. Remember to consult with a tax professional for personalized advice based on your specific circumstances.
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