Crypto gains follow holding-period and asset-class rules

For crypto-assets that are not securities, gains are generally subject to the 28% special rate when the asset was held for fewer than 365 days, while qualifying gains after at least 365 days are generally not taxed. Exchanges solely for other crypto can defer the disposal event under the statutory rules. Securities classification, business activity, loss treatment, foreign-jurisdiction connections and payment in money or other property can change the result.