0 votes
asked by Question
How much tax do you pay for Cryptocurrency?

2 Answers

0 votes
answered by Expert
Selling Cryptocurrency Into USD (Cashing Out) This $16,000 is considered short-term capital gains because you only held your coin for less than 12 months. Consequently, $16,000 will be taxed as ordinary income and subject to your income tax bracket which ranges from 10% to 37%.
0 votes
answered by VideoExpert

Welcome to All about Travel site, where you can find questions and answers on everything about TRAVEL