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What is the long term capital gain tax rate for cryptocurrencies in the US?

avatarMaaz KhanNov 26, 2021 · 3 years ago1 answers

I would like to know the specific tax rate for long term capital gains on cryptocurrencies in the United States. Can you provide me with the details on how these gains are taxed and what the current tax rate is?

What is the long term capital gain tax rate for cryptocurrencies in the US?
Cryptocurrencies
Tax Rate
Capital Gains

1 answers

  • avatarNov 26, 2021 · 3 years ago
    When it comes to long term capital gains on cryptocurrencies in the US, the tax rate is based on your income tax bracket. If you're in a lower tax bracket, you may not owe any taxes on your gains. However, if you're in a higher tax bracket, you'll likely owe either 15% or 20% on your gains. It's important to consult with a tax professional to ensure you're properly reporting and paying your taxes. Remember, taxes are an important part of being a responsible cryptocurrency investor.

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