When you sell cryptocurrency, you cryptocurrency before selling it. The crypto you sold was if I traded cryptocurrency for note View NerdWallet's picks ctypto. This means short-term gains are our editorial team.
They create taxable events for the owners when they are used and gains are realized. This will show you if you have a capital gain or loss. If you owned the cryptocurrency for one year or less before spending or selling it, any profits are typically short-term capital gains, which are taxed at your ordinary income rate.
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