What is the current cryptocurrency tax rate in the United States?

1 answers

• Scarborough BekkerOct 19, 2020 · 5 years ago
  At BYDFi, we understand that tax regulations can be complex and vary by jurisdiction. However, we are not able to provide specific tax advice. The current tax rate for cryptocurrencies in the United States is determined by the IRS. Cryptocurrency transactions are generally subject to capital gains tax, which means that the tax rate will depend on factors such as your income level, the type of transaction, and the duration of holding the cryptocurrency. It's important to consult with a tax professional or refer to the IRS guidelines for accurate and up-to-date information on the current tax rate for cryptocurrencies in the United States.
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