We have received your application, the tax rate for cryptocurrency transactions is the same as for traditional financial market transactions, the capital gains tax in the US is divided into short term and long term, according to the IRS, if your cryptocurrency profits reach $10,000 or more, you should pay a short term capital gains tax of 20% of your total profits Your Total profits as of April 28, 2023 are $292,920 will be subject to a short-term capital gains tax of $58,584.00.
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