how much taxes do I have to pay on cryptocurrencies?

So i've been using robinhood since about september 2020. I've been playing around with cryptocurrencies and honestly in total I've only made like $40 in total. I've also been doing a lot of what people call day trading. making small gains. for example i would buy etherum for like 1130 and sell at 1150 then repeat. but i still suck. these are a lot of transations. how much do i get taxed?

3 Answers

  • Anonymous
    1 month ago
    Favorite Answer

    You're a moron. Yes, you have a tax nightmare ahead. For $40. SMH

  • 1 month ago

    It's not the same for everyone.  It depends on how much other income you have.

  • 1 month ago

    i would ask a tax place about it

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