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How to Double Your Money Using The Rule of 72The IRS treats cryptocurrency as property for tax purposes. Holding cryptocurrencies for less than a year may result in short-term capital gains tax, while. Short-term gains are taxed at ordinary income rates (%), while long-term gains are subject to preferential rates (%) based on income. You can estimate what your tax bill from a crypto sale will look using the crypto capital gains tax calculator below. The calculator is for.