Crypto long term capital gains are tokens that are held in your portfolio for more than a year. After the 1 year window, as an investor you are eligible for preferential tax treatment via long term capital gains.

Cost basis and time are the key here. After that 1 year window, long term capital gains rates are 0%, 15%, and 20% depending on your income. NFTs are to be treated differently than other crypto since NFTs could be considered as collectibles and have a different capital gains tax rate.

Consult with a crypto CPA on what your tax liability looks like if you end up selling or exchanging your coins.

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