Im 57. Live on VA disability ONLY. Married with a teen.
I have been investing in crypto long term ie 1 year plus..
From my understanding, according to the IRS my standard deduction is 29,200.00
So lets say I sell my part of my BTC and profit 20k. Would I need to pay taxes on this if this is all I made for the year?
It seems I wouldnt since my standard deduction is 29k ish.
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