Let’s set the record straight — there’s no special crypto tax. It’s either short-term capital gain or long-term capital gain, depending on how long you hold it. Trade or sell in less than 12 months? You’re paying short-term rates up to 37% plus state tax. Hold it for a year or more? You qualify for long-term capital gains, capped around 20%. Every trade, even crypto-to-crypto, triggers a taxable event—so know your numbers before you sell.
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