Are there any fees or taxes involved when selling crypto on Robinhood?

3 answers

• Jan 02, 2022 · 3 years ago
  When selling cryptocurrency on Robinhood, there are a few fees and taxes to keep in mind. Firstly, Robinhood charges a small commission fee for each transaction. This fee varies depending on the specific cryptocurrency being sold. Additionally, you may also be subject to capital gains tax on any profits made from selling cryptocurrency. The tax rate will depend on your individual tax bracket and the length of time you held the cryptocurrency. It's important to consult with a tax professional to ensure you are accurately reporting and paying any applicable taxes.
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• Jan 02, 2022 · 3 years ago
  Selling crypto on Robinhood does involve some fees and taxes. Robinhood charges a commission fee for each transaction, which can vary depending on the cryptocurrency being sold. Additionally, any profits made from selling crypto may be subject to capital gains tax. The tax rate will depend on factors such as your income level and how long you held the crypto. It's always a good idea to consult with a tax advisor to understand your specific tax obligations.
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• Jan 02, 2022 · 3 years ago
  When selling cryptocurrency on Robinhood, you should be aware of the fees and taxes involved. Robinhood charges a commission fee for each transaction, but the specific amount depends on the cryptocurrency you're selling. Additionally, any profits you make from selling crypto may be subject to capital gains tax. It's important to keep track of your transactions and consult with a tax professional to ensure you meet your tax obligations. Remember, it's always better to be proactive and informed when it comes to taxes and fees.
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