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What is the current capital gains tax rate for cryptocurrency transactions in North Carolina?

avatarFlanagan AlbertsenDec 27, 2021 · 3 years ago2 answers

I would like to know the current capital gains tax rate for cryptocurrency transactions in North Carolina. Can you provide me with the latest information?

What is the current capital gains tax rate for cryptocurrency transactions in North Carolina?

2 answers

  • avatarDec 27, 2021 · 3 years ago
    The current capital gains tax rate for cryptocurrency transactions in North Carolina depends on your income tax bracket. If you're in the lower income tax brackets like 10% or 15%, you won't have to pay any capital gains tax. But if you're in the higher brackets like 25%, 28%, 33%, or 35%, you'll be subject to a 15% capital gains tax rate. And if you're in the highest income tax bracket of 39.6%, the capital gains tax rate is 20%. Keep in mind that tax laws can change, so it's always a good idea to consult with a tax professional or refer to the official guidelines from the North Carolina Department of Revenue for the most up-to-date information.
  • avatarDec 27, 2021 · 3 years ago
    The current capital gains tax rate for cryptocurrency transactions in North Carolina is determined by your income tax bracket. If you fall into the 10% or 15% income tax bracket, you won't have to pay any capital gains tax. However, if you're in the 25%, 28%, 33%, or 35% income tax bracket, the capital gains tax rate is 15%. And for individuals in the highest income tax bracket of 39.6%, the capital gains tax rate is 20%. It's important to note that these rates may change over time, so it's always a good idea to consult with a tax professional or refer to the official guidelines from the North Carolina Department of Revenue for the most accurate and up-to-date information.