I just wanted to get some clarification on taxes and capital gains.
I think the case is that if I cash out profit within 12 months or less, I will be charged something like 20% on short term capital gains. Whereas I’ve been holding My ICO Electroneum now for just over a year.
I’m thinking if I cash out say half if there is indeed a bullrun this year/Jan. 2019 and store it in a more stable investment, will I be taxed 15% on long term capital gain?
Edit: That being said, if I choose to invest those realized gains in another asset, will I then be subject to further taxes, or should I keep it in USD locked away?
Any insight on this is appreciated. I’ve yet to claim any crypto gains on My taxes.