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DO YOU HAVE TO PAY TAXES ON CRYPTO?You'll pay up to 37% tax on short-term capital gains and crypto income and between 0% to 20% tax on long-term capital gains - although NFTs deemed collectibles. Long-term gains are taxed at a reduced capital gains rate. These rates (0%, 15%, or 20% at the federal level) vary based on your income. � Short-term gains are. It depends on your specific circumstances, but you'll pay anywhere between 10 - 37% tax on short-term gains and income from crypto, or 0% to 20% in tax on long-.
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