You are given 1 ETH on Sept 18th, 2020 worth $384. You sell the ETH on Oct 29th, 2021 for $4416. Group of answer choices You owe capital gains tax rate on 4416 in 2021. You owe personal income tax rate on 4416 in 2021 You owe personal income tax rate on $384 in your 2020 tax return. In your 2021 tax return, you owe capital gains tax rate on $4032. You owe capital gains tax rate on $384 in your 2020 tax return. In your 2021 tax return, you owe capital gains tax rate on $4032.

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To determine the tax implications of selling the ETH we need to calculate the capita... View the full answer