Fitzgerald OlsonDec 25, 2021 · 3 years ago7 answers What is the long term capital gains tax rate for digital currencies in 2024?
Can you provide information on the long term capital gains tax rate for digital currencies in 2024? I am interested in understanding the tax implications for holding digital currencies for an extended period of time and how it may affect my investments. Specifically, I would like to know the tax rate applicable to digital currencies such as Bitcoin, Ethereum, and other popular cryptocurrencies. Are there any exemptions or special considerations for long term capital gains tax on digital currencies? Please provide a detailed explanation.