How to save tax on cryptocurrency

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The IRS treats cryptocurrencies as of Service. How much tax you owe on your crypto depends on how much you spend or exchange, your income level and acquired it and hw again used it so you can refer to it at tax.

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Crypto Tax Free Plan: Prepare for the Bull Run
Typically, crypto donations only reduce your tax liability for the year if the total value of all of your itemized deductions is greater than the standard. Strategies that may help reduce cryptocurrency taxes � Hold investments for at least one year and a day before selling. Long-term capital gains are taxed at. You can potentially save on crypto gains tax in India by holding investments for the long term (over 3 years) to qualify for the lower long-term capital gains.