crypto currency investing, anyone?

mopowers said

What is the tax rate on gains from crypto? Are they treated the same as short or long term gains from any stock purchase? I noticed last year that there's a specific line on one of the federal tax forms asking about gains from crypto, but didn't look into it any further since I don't invest in crypto.

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Just changed last year. They’re treated just like stock gains and any other capital gains.

If you buy and sell a crypto for a gain and held it less than 12 months, it’s taxed as income at whatever rate your income bracket puts you in.

If you hold it in crypto and never cash out for those 12 months, it’s taxed at the capital gains rate