What Is the Tax Rate of Crypto Day Trading?

How Is Cryptocurrency Taxed? (2021 and 2022 IRS Rules)

When you make money on crypto, Uncle Sam’s going to want a piece.

It’s not the most exciting part of crypto investing, but if you do invest, you need to know how taxes on crypto work. Although cryptocurrencies are still new, the IRS is working hard to enforce crypto tax compliance.

There are quite a few ways that you can end up owing taxes on crypto, and even trading one cryptocurrency for another is a taxable event. If you don’t keep accurate records, it can be hard to piece together your gains and losses at tax time. And, if you don’t pay your crypto taxes, even if it’s an honest mistake, you could end up suffering costly penalties. 

This guide will explain everything you need to know about taxes on crypto trading and income. You’ll learn about how to file crypto taxes, crypto tax rates, and other important details about this complex subject.