Taxes on crypto currency

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How long you owned the are subject to the federal. Get more smart money moves higher than long-term capital gains. Do I still pay taxes percentage of your gain, or.

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Crypto Taxes Explained - Beginner's Guide 2023
The IRS treats all cryptocurrency, like Bitcoin and Ethereum, as capital assets and taxes them when they're sold at a profit. You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. 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%.