IRS NFT Surprise: Authorities to To Levy Taxes on NFT Purchases From Crypto Gains
• 0 IRS NFT Surprise: Authorities to To Levy Taxes on NFT Purchases From Crypto Gains
There’s a not-so-subtle reminder for NFT maniacs in the United States amidst the ongoing frenzy – NFT purchases made with cryptocurrency capital gains attract taxes to the tune of 20%. Tax-free? Of Course Not …
If you paid for a digital collectible with your BTC or ETH gains, then you need to think of the tax implications. Not just by Rarible, Sweet, or any other NFT marketplace, but also by the American tax wa…
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| CryptoCurrency | USD | Change 1h | Change 24h | Change 7d |
|---|---|---|---|---|
| Bitcoin | 0.14 % | 0.29 % | 4.29 % | |
| Ethereum | 0.60 % | 0.45 % | 5.59 % | |
| Binance Coin | 0.69 % | 5.97 % | 58.05 % | |
| XRP | 2.34 % | 2.92 % | 136.18 % | |
| Tether | 0.14 % | 0.36 % | 0.27 % | |
| Cardano | 0.20 % | 4.92 % | 9.31 % | |
| Polkadot | 0.87 % | 0.07 % | 1.64 % | |
| Litecoin | 0.88 % | 0.71 % | 26.22 % | |
| Uniswap | 0.33 % | 1.74 % | 2.67 % | |
| Chainlink | 0.97 % | 6.25 % | 14.30 % | |
| Stellar | 2.45 % | 7.23 % | 45.48 % | |
| Bitcoin Cash | 0.88 % | 0.50 % | 26.38 % | |
| Theta Network | 1.05 % | 0.87 % | 6.71 % | |
| Filecoin | 0.26 % | 0.83 % | 0.32 % | |
| USD Coin | 0.11 % | 0.24 % | 0.43 % | |
| Dogecoin | 1.39 % | 20.43 % | 36.45 % | |
| VeChain | 0.35 % | 3.37 % | 60.23 % | |
| TRON | 1.23 % | 0.10 % | 19.81 % | |
| Wrapped Bitcoin | 0.29 % | 0.44 % | 4.23 % | |
| Solana | 1.60 % | 4.59 % | 23.55 % |