How are NFTs taxed?
by TurboTax•24• Updated 4 months ago
A non-fungible token (NFT) is a unique digital asset that can represent digital or physical assets such as art, trading cards, and gaming tokens.
NFTs are usually taxed as property, similar to crypto. The gains/losses from NFT sales must be reported on your tax return.
Here are some common NFT activities that are taxable.
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