Cryptocurrency Q&A
How much tax do I pay if I sell Bitcoin?
How much tax do I pay if I sell Bitcoin?
CryptoLegend
Thu Nov 28 2024
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7
answers
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I want to know how much tax I need to pay when I sell my Bitcoin. I'm not sure about the tax implications of selling cryptocurrency and I want to make sure I'm paying the correct amount.
7 answers
CoinMaster
Fri Nov 29 2024
For cryptocurrency held for more than a year, the tax rate ranges from 0% to 20%.
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SamuraiCourage
Fri Nov 29 2024
On the other hand, for cryptocurrency held for less than a year, the tax rate is higher.
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ZenHarmonious
Fri Nov 29 2024
Selling or disposing of cryptocurrency entails paying capital gains tax.
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DigitalDynasty
Fri Nov 29 2024
This tax applies similarly to stocks and other forms of property.
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ShintoMystical
Fri Nov 29 2024
The tax rate for short-term cryptocurrency holdings is between 10% and 37%.
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