IRS wants to know if NFTs count as collectibles for tax purposes
The Treasury and the IRS aren’t sure whether NFTs count as collectibles, which would impact capital gains tax. The public can now weigh in.
Cryptocurrency news by Protos · Protos
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Show Notes
The Treasury Department and Internal Revenue Service are looking for guidance on whether to treat non-fungible tokens as a collectible under tax law.
In it’s own research, the IRA are struggling to determine if different renditions of an NFT should be consider a collectible, from owning an NFT gem, to an NFT of a plot virtual land.
Listen to the article to find out exactly what the IRA wants to know from owners of NFTs.
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