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defizard @belizardd on x 61.1K followers
Created: 2025-07-16 09:00:41 UTC
II. United States
- Crypto is viewed as property and subject to Capital Gains Tax or Income Tax
- Disposals of crypto like selling, swapping, and spending crypto are subject to Capital Gains Tax
- Earning crypto, like mining or staking rewards, is subject to Income Tax
- Buying crypto with USD, holding crypto, transferring crypto, and gifting crypto is tax free
- You'll pay between XX% to XX% tax on short-term gains or income from crypto
- You'll pay XX% to XX% tax on long-term gains from crypto, or XX% for NFTs deemed collectibles
- You can use FIFO, HIFO, or LIFO cost basis methods
XXX engagements
Related Topics gifting united states dollar staking mining capital gains tax bracket united states