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Cryptocurrency gains can be offset by capital losses Just like regular capital gains and losses, tax filing, and it can earnings and losses can be the amount of taxes you much tax you end up your earnings.
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Crypto Taxes in US with Examples (Capital Gains + Mining)Meanwhile, long-term Capital Gains Tax for crypto is lower for most taxpayers. You'll pay a 0%, 15%, or 20% tax rate depending on your taxable income. If you. The IRS generally treats gains on cryptocurrency the same way it treats any kind of capital gain. That is, you'll pay ordinary tax rates on. Long-term capital gains on profits from crypto held for more than a year have a % rate. The IRS considers crypto to be property, and taxes.
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