Sarah, a U.S. taxpayer, purchased 1 Bitcoin (BTC) on January 1, 2022, for $50,000. She then sold 0.5 BTC on March 15, 2023, for $30,000 and the remaining 0.5 BTC on December 10, 2023, for $40,000. Sarah is Married Filing Jointly with an income of $554,000. Calculate Sarah's capital gains tax liability for the 2023 tax year, assuming she's subject to a long-term capital gains tax rate of 20%. David, a U.S. taxpayer, received 5 Ethereum (ETH) as payment for freelance work on May 1, 2022. Rich Text Area. Press OPTION+F8 for Rich 1ETH was $3,000. David decides to hold onto the ETH and sell it Content Editor shortcuts. on August 1,2023 , when the market value of 1ETH has increased to $4,500. If he is filing as single and he has an income of $147,000, Calculate David's total profit from the sale, assuming he's subject to a long-term capital gains tax rate of 15%. During 2023 , Sam Bankman-Fried is filing his tax return and has $492,000 of taxable income. He bought bitcoin at a total price of $500,000 in 2020 and sold it for $750,000 in 2023. If he is filing as single, how much will his investment be taxed? Assume his ordinary income tax rate is 35% and his capital gains tax rate is 15%