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Get your taxes done using TurboTax
If you receive an unsolicited NFT airdrop that has no measurable value or market value, you generally don't need to report it to the IRS. NFTs are typically non-taxable unless you decide to sell them later. If the NFT gains value and you sell it, you would then report it as a capital gain.
For more detailed information, you can refer to the IRS guidelines on digital assets here.
ā€ˇFebruary 5, 2025
3:25 PM