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This means that any gains that you make from short-term crypto-to-crypto exchanges will be taxed at a rate that corresponds to your individual, joint, or business income best crypto wallet for roobet rate. For reference, the federal radiant crypto tax rates for individuals here the tax year are listed below:.
Walldt the other hand, if you best crypto wallet for roobet your crypto for longer than one year, you will benefit from the federal long-term capital gains tax rate. In most instances, the long-term capital gains tax rates are appreciably lower than individual income tax rates.
Most businesses will pay similar tax rates on capital gains to those listed above because of the pass-through provisions written into the tax code.