IRS NFT Surprise: Authorities to To Levy Taxes on NFT Purchases From Crypto Gains

   2021-03-18 08:03

• 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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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin59,507 0.14 % 0.29 % 4.29 %
Ethereum2,129.5 0.60 % 0.45 % 5.59 %
Binance Coin506.60 0.69 % 5.97 % 58.05 %
XRP1.360 2.34 % 2.92 % 136.18 %
Tether0.9980 0.14 % 0.36 % 0.27 %
Cardano1.270 0.20 % 4.92 % 9.31 %
Polkadot41.02 0.87 % 0.07 % 1.64 %
Litecoin247.04 0.88 % 0.71 % 26.22 %
Uniswap30.29 0.33 % 1.74 % 2.67 %
Chainlink33.51 0.97 % 6.25 % 14.30 %
Stellar0.5957 2.45 % 7.23 % 45.48 %
Bitcoin Cash673.30 0.88 % 0.50 % 26.38 %
Theta Network12.20 1.05 % 0.87 % 6.71 %
Filecoin176.73 0.26 % 0.83 % 0.32 %
USD Coin0.9997 0.11 % 0.24 % 0.43 %
Dogecoin0.07667 1.39 % 20.43 % 36.45 %
VeChain0.1424 0.35 % 3.37 % 60.23 %
TRON0.1218 1.23 % 0.10 % 19.81 %
Wrapped Bitcoin59,468 0.29 % 0.44 % 4.23 %
Solana27.92 1.60 % 4.59 % 23.55 %