What are the current tax rates for capital gains on digital currencies in North Carolina in 2021?

3 answers

• Jeff HatchMar 11, 2023 · 2 years ago
  The current tax rates for capital gains on digital currencies in North Carolina in 2021 depend on the individual's income level and filing status. For individuals with a taxable income of less than $40,000, the capital gains tax rate is 5.25%. For those with a taxable income between $40,000 and $100,000, the rate is 5.5%. And for individuals with a taxable income above $100,000, the rate is 5.75%. It's important to note that these rates apply to long-term capital gains, which are gains from the sale of digital currencies held for more than one year. Short-term capital gains, from the sale of digital currencies held for one year or less, are taxed as ordinary income at the individual's regular income tax rate. Please consult a tax professional or refer to the North Carolina Department of Revenue for the most up-to-date and accurate information regarding tax rates and regulations for capital gains on digital currencies in North Carolina in 2021.
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• LarsJan 08, 2022 · 4 years ago
  Hey there! The tax rates for capital gains on digital currencies in North Carolina in 2021 vary based on your income level and filing status. If your taxable income is less than $40,000, the tax rate is 5.25%. For taxable incomes between $40,000 and $100,000, the rate is 5.5%. And if your taxable income exceeds $100,000, the rate is 5.75%. Keep in mind that these rates apply to long-term capital gains, which are gains from the sale of digital currencies held for more than one year. Short-term gains, from the sale of digital currencies held for one year or less, are taxed as ordinary income at your regular income tax rate. Make sure to consult with a tax professional or refer to the North Carolina Department of Revenue for the most accurate and up-to-date information on tax rates and regulations for capital gains on digital currencies in North Carolina in 2021.
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• nitro GXMar 01, 2022 · 3 years ago
  BYDFi does not provide tax advice, but I can give you some general information. The current tax rates for capital gains on digital currencies in North Carolina in 2021 depend on your income level and filing status. If your taxable income is less than $40,000, the tax rate is 5.25%. For taxable incomes between $40,000 and $100,000, the rate is 5.5%. And if your taxable income exceeds $100,000, the rate is 5.75%. These rates apply to long-term capital gains, which are gains from the sale of digital currencies held for more than one year. Short-term gains, from the sale of digital currencies held for one year or less, are taxed as ordinary income at your regular income tax rate. Remember to consult with a tax professional or refer to the North Carolina Department of Revenue for the most accurate and up-to-date information on tax rates and regulations for capital gains on digital currencies in North Carolina in 2021.
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