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Do I need to report NFT Purchase made with Ethereum (Crypto), when the transaction to obtain the Ethereum is already being reported on my taxes? (NFT unsold in '21)
I bought Ethereum through Coinbase, which will be reported on my taxes. Then I used that Ethereum to obtain NFTs. I still have some "left-over" Ethereum and the NFTs. Do I need to report the NFT purchase to the IRS?
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March 6, 2022
6:54 AM