Abhi RamDec 16, 2021 · 3 years ago8 answers What are the tax implications of investing in NFTs in the USA?
I would like to know more about the tax implications of investing in NFTs (Non-Fungible Tokens) in the USA. What are the specific tax rules and regulations that apply to NFT investments? How are NFTs taxed in terms of capital gains, income tax, and sales tax? Are there any deductions or exemptions available for NFT investors? I want to ensure that I am fully aware of the tax obligations associated with investing in NFTs before I proceed. Can you provide some insights?