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Crypto Taxes Explained For Beginners - Cryptocurrency Taxes
The federal capital gains tax � a tax on profits you make from selling certain types of assets � also applies to your crypto transactions. Rates range from 0%. If the same trade took place a year or more after the crypto purchase, you'd owe long-term capital gains taxes. Depending on your overall taxable income, that. If you own cryptocurrency for more than one year, you qualify for long-term capital gains tax rates of 0%, 15% or 20%.

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How to set up price alerts for crypto

Our Editorial Standards:. United States. How to Mine, Buy, and Use It Bitcoin BTC is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. The wash sale rule doesn't apply to crypto losses or gains for any asset.

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