Free Bitcoin Tax Calculator | Crypto Tax ... - TaxAct Blog
Since it was held for less than a year, the $5,000 profit is subject to short-term capital gains tax rates. Based on Person A’s filing status and income, the taxes are calculated as follows: The first $2,500 in profit is taxed at the 22 percent federal tax rate. The remaining $2,500 is taxed at the 24 percent federal tax rate.
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