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Cashing out in crypto is taxable

Cashing out in crypto is taxable

Isle coin crypto

Receiving an airdrop a common cryptocurrency before selling it.

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How to get free eth

All CoinLedger articles go through a rigorous review process before publication. In the United States, cryptocurrencies are treated as property and taxed as investment income , ordinary income , gifts , or donations for tax purposes at the state and federal levels. The crypto tax rate depends on your income level, filing status, and types of activity.