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  • May 25
  • Posted By: Magda Abdo-Gomez
  • Posted In: Tax Laws - Changes
  • Date: May 25, 2023
    • 0
    • 510

Taxation of Nonfungible Tokens (NFT)

  The Internal Revenue Service has issued a notice that it intends to issue guidance regarding the tax treatment of certain nonfungible tokens (NFT) as collectible assets. To understand what this means, one must understand capital gains, collectibles and how the sale of these assets are taxed. ...
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