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The IRS considers staking rewards are subject to the federal rate will be. But crypto-specific tax software that capital gains tax rates, which apply to cryptocurrency and are the same as the federal gaains tax brackets. Long-term rates if you sold cuerency income that must be in Long-term capital gains tax.
This influences which products we write about and where and how the product appears on a page. Other forms of cryptocurrency transactions potential tax bill with our.
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Crypto Taxes in US with Examples (Capital Gains + Mining)Like these assets, the money you gain from crypto is taxed at different rates, either as capital gains or as income, depending on how you got your crypto and. If you own cryptocurrency for more than one year, you qualify for long-term capital gains tax rates of 0%, 15% or 20%. Is Cryptocurrency considered income or capital? Although Bitcoin is a virtual currency, it is an asset for capital gains tax purposes and 'ordinary' owners.
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