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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesIf you receive crypto as payment for goods or services or through an airdrop, the amount you receive will be taxed at ordinary income. Long-term gains are taxed at a reduced capital gains rate. These rates (0%, 15%, or 20% at the federal level) vary based on your income. However, you are required to report all of your taxable income from cryptocurrency on your tax return � regardless of the total amount.
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