pull down to refresh
Its actually more than that since youre taxed on the gain not the sale. So if you sell $150k but bought that bitcoin for $70k, your gains are $80k which dont hit the Federal threshold if you're married.
reply
pull down to refresh
Its actually more than that since youre taxed on the gain not the sale. So if you sell $150k but bought that bitcoin for $70k, your gains are $80k which dont hit the Federal threshold if you're married.
This assumes no other income and no state cap gains tax (like in TN or NH).
2023 info
https://www.irs.gov/taxtopics/tc409
https://m.stacker.news/37398