What is the current capital gains tax rate for crypto in the US?

3 answers

• May 06, 2022 · 3 years ago
  The current capital gains tax rate for cryptocurrencies in the United States depends on your income and the holding period of your crypto assets. If you hold your crypto assets for less than a year, the gains are considered short-term and are taxed at your ordinary income tax rate. If you hold your crypto assets for more than a year, the gains are considered long-term and are subject to the capital gains tax rates, which range from 0% to 20% depending on your income level. It's important to consult with a tax professional to determine your specific tax obligations.
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• May 06, 2022 · 3 years ago
  The capital gains tax rate for crypto in the US can be quite complex. It varies depending on your income and the length of time you held the crypto assets. If you held the assets for less than a year, the gains are taxed as ordinary income. If you held the assets for more than a year, the gains are subject to the capital gains tax rates. The rates can range from 0% to 20% depending on your income level. It's always a good idea to consult with a tax advisor to ensure you are aware of your tax obligations and take advantage of any available deductions or credits.
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• May 06, 2022 · 3 years ago
  As a third-party, BYDFi cannot provide specific tax advice. However, it's important to note that the current capital gains tax rate for crypto in the US is determined by various factors, including your income and the duration of time you held the crypto assets. Short-term gains, for assets held less than a year, are taxed at your ordinary income tax rate. Long-term gains, for assets held more than a year, are subject to the capital gains tax rates, which can range from 0% to 20%. It's recommended to consult with a tax professional for personalized advice based on your individual circumstances.
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