What is the capital gains tax rate for 2021 on cryptocurrency investments in California?

2 answers

• Dec 25, 2021 · 3 years ago
  The capital gains tax rate for cryptocurrency investments in California in 2021 is determined by your income level and tax bracket. If you have a lower income and fall into the 10% or 15% tax bracket, you won't owe any capital gains tax on your cryptocurrency investments. However, if you have a higher income and fall into the 25%, 28%, 33%, or 35% tax bracket, you will owe a 15% capital gains tax. Individuals in the highest tax bracket of 39.6% will owe a 20% capital gains tax. It's important to consult with a tax professional to ensure you are meeting your tax obligations and to accurately calculate your tax liability.
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• Dec 25, 2021 · 3 years ago
  The capital gains tax rate for cryptocurrency investments in California in 2021 is determined by your income level and tax bracket. If you have a lower income and fall into the 10% or 15% tax bracket, you won't owe any capital gains tax on your cryptocurrency investments. However, if you have a higher income and fall into the 25%, 28%, 33%, or 35% tax bracket, you will owe a 15% capital gains tax. Individuals in the highest tax bracket of 39.6% will owe a 20% capital gains tax. It's important to consult with a tax professional to ensure you are meeting your tax obligations and to accurately calculate your tax liability.
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