What is the current long term capital gains tax rate for cryptocurrencies?

3 answers

• moein khaliliNov 01, 2020 · 5 years ago
  The current long term capital gains tax rate for cryptocurrencies in the United States is based on your income level. If you fall into the 10% or 15% tax bracket, the long term capital gains tax rate is 0%. For those in the 25%, 28%, 33%, or 35% tax bracket, the tax rate is 15%. And for individuals in the highest tax bracket of 39.6%, the long term capital gains tax rate is 20%. It's important to consult with a tax professional to understand the specific tax implications based on your income and jurisdiction.
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• Hasindu ChanukaMay 10, 2023 · 2 years ago
  When it comes to the long term capital gains tax rate for cryptocurrencies, it's crucial to consider the tax laws in your country of residence. Different countries have different tax rates and regulations for cryptocurrencies. For example, in the United Kingdom, the tax rate for long term capital gains on cryptocurrencies can range from 10% to 28%, depending on your income level. It's always recommended to consult with a tax advisor or accountant who specializes in cryptocurrencies to ensure compliance with the tax laws in your jurisdiction.
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• kutaevSep 17, 2024 · 10 months ago
  BYDFi is a digital currency exchange that offers a wide range of cryptocurrencies for trading. While I cannot provide specific information on the current long term capital gains tax rate for cryptocurrencies, it's important to note that tax regulations vary by jurisdiction. It's always advisable to consult with a tax professional or accountant who can provide accurate and up-to-date information on the tax implications of holding cryptocurrencies for a long period of time.
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