The U.S. Internal Revenue Service (IRS) has recently issued its first formal notice outlining the taxation of non-fungible tokens (NFTs). The notice indicates that NFTs, which can represent both collectible and non-collectible assets, will be subject to a maximum long-term capital gains tax rate of 28% if they are considered […]
*We are not Tax experts or advisors. Portions of this post are interpreted from TaxingCryptoCurrency.com. This is also not a sponsored post. If you have any questions please consult a tax expert. The IRS has clear definitions as it relates to the taxation of digital or virtual currencies. This definition […]
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