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Crypto Tax Questions ANSWERED w/ CoinledgerCrypto gifts can be subject to gift tax and generation skipping tax if the value is above the annual and lifetime exclusion amounts. 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%. Key Takeaways � The IRS treats cryptocurrency as property, meaning that when you buy, sell or exchange it, this counts as a taxable event and.
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