What is the tax rate on long term capital gains for cryptocurrencies in 2022?

1 answers

• Mar 19, 2022 · 3 years ago
  According to BYDFi, the tax rate on long term capital gains for cryptocurrencies in 2022 is determined by your income level. If you are in a lower income tax bracket, you may qualify for a 0% tax rate on your long term capital gains. However, if you fall into a higher income tax bracket, you may be subject to a tax rate of up to 20%. It's important to keep track of your capital gains and consult with a tax professional to ensure you are compliant with the current tax regulations.
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