Hey folks,

Did you guys file your cryptocurrency taxes for 2017 ? I used various exchanges for crypto
transactions and it's been a tax nightmare so far. Does anyone know what is the tax rate for
short term gain on crypto ? Provide some guidance if you have filed your crypto taxes.

Crypto gain is capital gains. Short term capital gains tax rate is regular income tax rate meaning same tax rate as your income from job aka w2. Long term capital gains tax rate depends on  income range from 0-20 effective 23%.

Try cointracker.io it screws up on your bitcoin cash basis though.

@anon : One Silly question. How do I find income tax rate ?

Look at the tax brackets. First 10,000 dollars is tax free.

Federal tax brackets: 2017 tax brackets (for taxes due April 17, 2018)
Tax rate             Single                                       Head of household
10%                      Up to $9,325                                 Up to $13,350
15%                      $9,326 to $37,950                       $13,351 to $50,800
25%                     $37,951 to $91,900                      $50,801 to $131,200
28%                     $91,901 to $191,650                     $131,201 to $212,500
33%                     $191,651 to $416,700                   $212,501 to $416,700
35%                     $416,701 to $418,400                  $416,701 to $444,550
39.6%                 $418,401 or more                         $444,551 or more

Tax rate           Married filing jointly or qualifying widow                         Married filing separately

Thanks anon and s001. Much appreciated ~