Hi,
I have an account with a company called Nifty Gateway. As part of their marketing efforts (i.e., getting people to sign up), they ran a sweepstakes where 10,000 new users were given a free Non-Fungible Token (NFT). I was awarded a free NFT.
Is this NFT taxable? The NFT is just sitting in my account. I haven't sold it, even though I know people are offering me money to buy it.
Thanks,
RB
