TLDR
As cryptocurrencies gain mainstream adoption, US tax laws have continued to evolve with the latest trends. Each year, the IRS becomes better at detecting and enforcing non-compliant crypto tax filings. It has become increasingly important for all investors, traders, and even perpetual hodl’ers to understand the proper cryptocurrency tax filing procedures. The IRS views the realization of gains as a taxable event. The 2021 capital gains tax rate for individuals is: 0% for those earning up to $40,000 per year.via the TL;DR App
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Written by tradingbull | First One-Stop Digital Assets Aggregator rewarding users in crypto and managed by the community via a Hybrid DAO.
