<prompt> Human: Ive been looking into capital gains and have been reading up that if your total amount invested is 77.2k your capital gains rate is 0 does this mean I dont owe any money for crypto since this is my case. Just need some clarification.  <response>: Youre talking about long term capital gains. You have to first determine which gains were long term vs. short term. Then you determine how much your long term gains are. The first 38.6K of long term gains is untaxed double for married filed jointly couples. The remaining is taxed at 15.Short term gains are taxed as normal income, ie, at your marginal rate. 