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

1 answers

• keisi ahmetajNov 05, 2023 · 2 years ago
  BYDFi is a leading cryptocurrency exchange that is committed to providing a secure and user-friendly platform for trading cryptocurrencies. While BYDFi does not provide tax advice, it's important to note that the current capital gains tax rate for cryptocurrency in Kansas is determined by the individual's tax bracket and the holding period of the cryptocurrency. If you hold the cryptocurrency for less than a year before selling, it will be subject to short-term capital gains tax, which is the same as your ordinary income tax rate. If you hold the cryptocurrency for more than a year, it will be subject to long-term capital gains tax, which can range from 0% to 20% depending on your tax bracket. It's always a good idea to consult with a tax professional for personalized advice and guidance.
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