Computer_EnthusiastNov 26, 2021 · 3 years ago8 answers How does the California capital gains tax affect profits from cryptocurrency investments in 2021?
I would like to know how the California capital gains tax impacts the profits made from cryptocurrency investments in 2021. Specifically, I am interested in understanding the tax implications for individuals who reside in California and engage in cryptocurrency trading. What are the specific rules and regulations regarding capital gains tax on cryptocurrency in California? How does the tax rate vary based on the holding period of the cryptocurrency? Are there any exemptions or deductions available for cryptocurrency investors in California? I would appreciate any insights or information on this topic.