Post
Topic
Board Bitcoin Discussion
Re: Tax Question
by
farrellronald
on 12/11/2020, 08:56:53 UTC
this is what i found :
Most trades count as short-term capital gains, which can be taxed at as high as 39% depending on income bracket. Those who hold bitcoin for more than a year and then sell it, however, are only liable for a long-term capital gains tax, which is levied at a significantly lower rate of 15% to 23.8%.J