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How to Make as Much as $80,800 in Profits From Your Bitcoin Investment Tax-Free
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How to Make as Much as $80,800 in Profits From Your Bitcoin Investment Tax-Free
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How to Make as Much as $80,800 in Profits From Your Bitcoin Investment Tax-Free
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Original:
Apr 2, 2020
Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Learn about both types in this tax guide.
The Internal Revenue Service taxes different kinds of income at different rates. Some types of capital gains, such as profits from the sale of a stock that you have held for a long time, are generally taxed at a more favorable rate than your salary or interest income. However, not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Understanding the capital gains tax rate is an important step for most investors.