howmuchtaxdoyou

Also, in general, remember that crypto is highly volatile, and may be more susceptible to market manipulation than securities. Crypto holders don't benefit from the same regulatory protections applicable to registered securities, and the future regulatory environment for crypto is currently uncertain. Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation, meaning you should only buy crypto with an amount you're willing to lose. However, when crypto is exchanged for tangible personal property, it does meet the definition of a "sale" for sales and use tax purposes. This means that transactions where crypto is used to purchase tangible goods are subject to sales and use tax. If you’re earning money from trading crypto, unfortunately you’re not allowed to deduct your business spending from your profits. But if you’re staking or mining, you can. You’re allowed to deduct anything that you use wholly, exclusively and necessarily for your business e.g. mining rigs. Read more about how expenses work.
how much tax do you pay on crypto gains