Do You Need To Pay Taxes On NFT? Beginner's GUIDE On Calculating NFT Taxes!

mila May 17, 2022

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NFTs are booming and with the boom comes taxes! That’s right, NFTs are taxable when you mint, sell, buy or exchange them. In this video, we will be showing you how to calculate, record and report NFT transactions in the US!

Links mentioned
Written NFT Tax guide:
Zenledger:

Timestamps

0:00 Intro
00:58 How is NFTs taxed?
01:38 Taxable & Non-taxable scenarios
03:42 Fractionalized NFT
03:58 Pooling funds to buy NFT
04:41 Loaning NFT
05:00 NFT airdrops
05:50 In-game NFTs
06:57 NFT tax for creators
09:07 Reporting NFT taxes with ZenLedger

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mila May 17, 2022

0 0 Less than a minute

mila

Mila doesn’t only cover Blockchain and crypto, but she does focus the bulk of her writing efforts on this emerging technology and how it is impacting not just US markets, but global markets too. From the British Virgin Islands to China, her reporting leaves no global crypto stone unturned. Her tenacity and candid opinions on the impacts of crypto and Blockchain have made her a leading voice in the industry and a top source of truth to the curious masses.