Beyond Dawlish

In the US, what is the tax on crypto gains? Crypto is treated as property, subject to capital gains tax. Short-term gains (held ≤1 year) are taxed at ordinary income rates (10%–37%). Long-term gains (held >1 year) are taxed at 0%, 15%, or 20%, depending on income. Taxable events include selling, trading, or using crypto. Gains are sale price minus cost basis, reported on IRS Form 8949 and Schedule D. Mining/staking income faces ordinary income tax. State taxes vary; Missouri exempts crypto gains.