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Hi Julie...

 

Reading your comments about cost basis, I'm curious about how some other fees might factor in to taxes.

 

When selling an NFT that I bought on a platform like OpenSea, the platform and creator take a cut of the sale price.  So, if i sell something for 1eth, I'll only receive maybe .93eth depending on what the creator sets up.

 

Can I deduct that fee (the hypothetical .07eth in my example) paid to the platform and creator from my taxes?

 

Thank you so much!  You're insight on cost basis factors is great!