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If you sell crypto for as income that must be reported, as well as any cryptocurrencies received through mining. NerdWallet's ratings are determined by our editorial team.
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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesIn the US, cryptocurrency is subject to taxation as both ordinary income and/or capital gains based on the type of taxable event. The specific. Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: 10% to 37% for the. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%.
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