Andrea
Sat Jun 08 2024
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6 answers
1131
How much is taxes from crypto?｜What affects your crypto taxes? For US taxpayers, the key factor affecting tax on crypto gains is whether a profit was realized in the short or long term. .Long-term tax rates on profits from tokens held for a year or longer peak at 20%, whereas short-term capital gains are taxed at the same rate as income: 10-37%
How much taxes do I have to pay on my cryptocurrency gains? And what factors determine the amount of tax I owe? As a US taxpayer, I'm particularly interested in understanding how the duration of holding tokens affects my tax rate. Is it true that long-term holdings, say, for a year or more, are taxed at a maximum of 20%? And what about short-term gains? Are they taxed at the same rates as my regular income, ranging from 10% to 37%? Could you please clarify this for me?
