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Some virtual currencies are convertible, treatment of virtual currency can losses, see PublicationSales will recognize a capital gain.
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How Cryptocurrency is Taxed in the U.S.One simple premise applies: All income is taxable, including income from cryptocurrency transactions. The U.S. Treasury Department and the IRS. Like these assets, the money you gain from crypto is taxed at different rates, either as capital gains or as income, depending on how you got your crypto and. If you held a particular cryptocurrency for more than one year, you're eligible for tax-preferred, long-term capital gains, and the asset is taxed at 0%, 15%.
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