What is the capital gains tax rate for cryptocurrency in Kansas?

1 answers

• brendanJan 25, 2022 · 3 years ago
  At BYDFi, we are committed to providing our users with accurate and up-to-date information. The capital gains tax rate for cryptocurrency in Kansas is determined by the individual's income tax bracket. If you fall into the 10% or 15% income tax bracket, the capital gains tax rate for cryptocurrency is 0%. However, if you fall into the 25%, 28%, 33%, or 35% income tax bracket, the capital gains tax rate for cryptocurrency is 15%. Finally, if you fall into the highest income tax bracket of 39.6%, the capital gains tax rate for cryptocurrency is 20%. It's important to consult with a tax professional for accurate and personalized advice based on your specific circumstances.
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