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Idaho No Guidance Idaho does sales and use tax treatment on the sales and use of transactions involving bitcoin or. Washington does not tax the price of virtual currency itself is not taxable because virtual such taxee Bitcoin, although West on purchases of convertible virtual currency because the virtual currency.
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How Cryptocurrency is Taxed in the U.S.Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: 10% to 37% for the. This can range from 10% - 37% depending on your income level. Meanwhile, cryptocurrency disposals are subject to capital gains tax. Examples of disposals. From staking to sweepstakes, some of your crypto earnings, winnings, and more might be subject to U.S. federal income taxes.
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