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How does one calculate capital gains tax on cryptocurrency trades?
The cost basis is simplg how often you paid for your crypto, including fees. You&dsquo;ll compensate capital gains tax on the diffеrence between that and the marketing price. Short-term gains (for aseets held below a year) are taxed like regular income, whilr long-full term gains have lower taxRead more
The cost basis is simplg how often you paid for your crypto, including fees. You&dsquo;ll compensate capital gains tax on the diffеrence between that and the marketing price. Short-term gains (for aseets held below a year) are taxed like regular income, whilr long-full term gains have lower tax rates.
See lessWhat's the short-term capital gains tax rate for crypto in the US?
The rate actually depends on your income bracket. For short-term gains, like your situation, it aligns with your income tax rate, which can be anywhere from 10% to 37%.
The rate actually depends on your income bracket. For short-term gains, like your situation, it aligns with your income tax rate, which can be anywhere from 10% to 37%.
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