What is the capital gains tax rate for cryptocurrency in Tennessee?

2 answers

• Dec 17, 2021 · 3 years ago
  The capital gains tax rate for cryptocurrency in Tennessee is the same as the tax rate for other types of investments. Currently, the long-term capital gains tax rate in Tennessee is 0%, while the short-term capital gains tax rate is based on your income tax bracket. It's important to consult with a tax professional or refer to the official tax guidelines for accurate and up-to-date information.
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• Dec 17, 2021 · 3 years ago
  As a representative from BYDFi, I can provide some insights into the capital gains tax rate for cryptocurrency in Tennessee. The tax rate for long-term capital gains on cryptocurrency in Tennessee is currently 0%. However, short-term capital gains are subject to your regular income tax rate. It's crucial to consult with a tax advisor or refer to the official tax guidelines for the most accurate and up-to-date information regarding your tax obligations.
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