Taxes on short term crypto gains

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For example, let's look at an example for buying cryptocurrency even if it isn't on on your tax return.

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Taxes on Crypto - Explained!
Short-term capital gains (assets held for less than one year) are taxed at the taxpayer's ordinary income tax rate, which ranges from 10% to 37%. Short-. You'll pay up to 37% tax on short-term capital gains and crypto income and between 0% to 20% tax on long-term capital gains - although NFTs deemed collectibles. Long-term gains are taxed at a reduced capital gains rate. These rates (0%, 15%, or 20% at the federal level) vary based on your income. � Short-term gains are.