Short-term capital gains The first $9,950 of your salary will be taxed 10% . Any income between $9,951 to $40,525 is subject to a 12% tax. Finally, income earned in the $40,526 – $86,375 range will be taxed at 22%.
Read moreHow do you declare cryptocurrency tax in the US?
According to IRS Notice 2014-21, the IRS considers cryptocurrency to be property, and capital gains and losses need to be reported on Schedule D and Form 8949 if necessary.
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