What are the Tax Implications of NFTs?
Posted in News, Offshore Account Update on February 28, 2022
While non-fungible tokens (NFTs) have exploded in popularity over the past year, the Internal Revenue Service (IRS) has yet to provide guidance on the tax treatment of these digital assets. With Tax Day right around the corner, this presents challenges for NFT creators and investors. Even without IRS guidance, U.S. taxpayers must still do their best to comply with the law as US International Tax Advisors discusses below.
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