Inside the Crypto Bullseye Zone

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NFTs Are Taxation Shapeshifters crypto tax nfts

NFTs will be split into pieces for tax purposes

The IRS recently issued Notice 2023-27: Treatment of certain nonfungible tokens as collectibles. This is the beginning of IRS guidance on NFT Tax. The best part is they are looking for public comments and I was impressed with the questions they posed....

5 Ways Non-Fungible Tokens (NFTs) are Taxed crypto tax nfts

Understanding the meaning of NFTs

Non-fungible tokens better known as NFTs are the hottest thing in crypto. 2021 may go down as the “Year of NFTs”. You may be wondering how are NFTs taxed?

Let’s start with the NFT meaning. Then we’ll discuss the taxability.