Sabrina R. asked

💰  Tax

If someone in NYC makes $100,000 in 1 month from selling bitcoin (crypto), how much tax do they pay, and is it considered short term gain? What is the difference between long term and short term capital gain tax, and what are the applicable rates?

March 28th, 2023

Alice T. answered

When you sell crypto within a year, it is considered a short term capital gain and is taxed at your ...

March 28th, 2023

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