What is the tax rate on short term capital gains for cryptocurrency in 2022?

1 answers

• DaikensDec 11, 2022 · 3 years ago
  BYDFi does not provide tax advice, but generally, the tax rate on short term capital gains for cryptocurrency in 2022 is based on your income tax bracket. The rates can range from 0% to 20%, depending on your bracket. It's important to keep track of your cryptocurrency transactions and consult with a tax professional to ensure compliance with the tax regulations in your jurisdiction. Remember, tax laws can change, so it's always a good idea to stay informed and seek professional advice.
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