What are the tax rates for selling cryptocurrency?

1 answers

• StevenJan 02, 2024 · 2 years ago
  At BYDFi, we understand that taxes can be a headache, especially when it comes to selling cryptocurrency. The tax rates for selling crypto vary depending on your country's regulations. In the United States, for example, the IRS treats cryptocurrency as property, and any gains or losses from selling it are subject to capital gains tax. The tax rate can range from 0% to 37%, depending on your income and how long you held the crypto. It's important to keep accurate records of your transactions and consult with a tax professional to ensure you're in compliance with the tax laws in your country.
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