common-close-0
BYDFi
Trade wherever you are!

What is the current tax rate for capital gains on digital currencies in California?

avatarShaw KennedyDec 26, 2021 · 3 years ago1 answers

I would like to know the current tax rate for capital gains on digital currencies in California. Can you provide me with the specific tax rate and any relevant information regarding the taxation of digital currencies in the state?

What is the current tax rate for capital gains on digital currencies in California?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As a representative of BYDFi, I can provide you with some information on the tax rate for capital gains on digital currencies in California. The current tax rate is based on your income tax bracket, ranging from 0% to 20%. It's crucial to consult with a tax professional or refer to the latest tax laws to ensure you're accurately reporting and paying your taxes. Remember, tax laws can change, so it's essential to stay updated and compliant with the regulations.