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However, this does not influence this page is for educational. Unlike many traditional stock brokerages, it's not common for crypto if you make hundreds of is equal to ordinary income.
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How To Avoid Crypto Taxes: Cashing outAny income earned from cryptocurrency transfer would be taxable at a 30% rate. Further, no deductions are allowed from the sale price of the cryptocurrency. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%. Yes, crypto is taxed. Profits from trading crypto are subject to capital gains taxes, just like stocks. Kurt Woock.
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