Cryptocurrency Q&A
What is the tax rate on Bitcoin?
What is the tax rate on Bitcoin?
Valeria
Mon Dec 23 2024
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6 answers
1542
I'm curious about the tax implications of Bitcoin. Specifically, I want to know what the tax rate is on Bitcoin transactions or holdings. Can someone provide clarity on this matter?
6 answers
Valentino
Tue Dec 24 2024
The long-term capital gains tax rates are generally more favorable.
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Valentina
Tue Dec 24 2024
Cryptocurrency gains are subject to taxation based on the duration of holding.
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Margherita
Tue Dec 24 2024
For crypto held for a year or less, the gains are taxed at standard income tax rates.
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DaeguDivaDance
Tue Dec 24 2024
Typically, these rates range between 0% and 20%.
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AmethystEcho
Tue Dec 24 2024
These rates can vary from 10-37%, depending on the individual's income.
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