Mahmoud AlaaNov 28, 2021 · 3 years ago9 answers What are the tax implications of holding coins for a certain period of time?
Can you explain the tax implications of holding coins for a certain period of time? I'm interested in understanding how long I need to hold the coins before they are considered long-term assets for tax purposes, and what tax rates apply to short-term and long-term capital gains. Additionally, are there any specific tax reporting requirements or deductions that I should be aware of when holding coins for a certain period of time?