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If you held it for a year or less, you'll pay the short-term rate, which is equal to ordinary income choices, customer support and mobile.
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Cryptocurrency Cost Basis Explained for Beginners (in Less Than 3 Minutes) - CoinLedgerSubtract the cost basis of $32, from the proceeds of $35,, and your gain is $3, This amount is subject to long-term capital gains tax. Try our free crypto tax calculator to see how much taxes you will owe from your cryptocurrency investments. Learn how to use TaxAct's free Bitcoin Tax Calculator to determine your tax bracket and the tax rate on any Bitcoin profits incurred.
