What is the tax on crypto

what is the tax on crypto

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Learn more about Consensusmost important and the most time-consuming part of the filing process - collating all of tokens is considered a crypto-crypto.

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If you successfully mine a cryptocurrency or are awarded it for work done on a blockchain, it is taxed as ordinary income. 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%. The crypto you receive as income (like mining, staking, and rewards) is also subject to these same income taxes, which often won't be deducted or withheld. When.
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