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IRS wants to know if NFTs count as collectibles for tax purposes
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.
For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.
Hosted on Acast. See acast.com/privacy for more information.
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By ProtosThe 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.
For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.
Hosted on Acast. See acast.com/privacy for more information.