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Do I need to pay taxes on NFTs? - 2022 Guide
October 20, 2022
If you’ve purchased or sold NFTs this year, you may be wondering whether there are tax implications. In short, yes — you will likely need to pay taxes on your NFT activity, or at least do a few calculations to make sure that you don’t owe any. In this guide, we’ll explain everything you need to know about NFT taxes.
How to Tax Loss Harvest NFTs - Complete Guide 2022
October 23, 2022
Over the past few years, many retail and institutional investors have begun to buy and sell NFTs as part of their investment strategies. Although the first ever NFT was minted back in 2014, most mainstream investors had never heard of NFTs until 2021 when projects like CryptoPunks, Bored Ape Yacht Club, and Axie Infinity surged in popularity and value. These marquee collections ended up kicking off the “NFT Bull Run” of 2021 and 2022, leading to an explosion in the number of NFT launches promising advancements in art, gaming, and community-building.
How are NFTs taxed? - 2022 NFT Taxes Explained
October 25, 2022
During the raging bull market of 2021, NFTs finally began to gain popularity among a niche community of investors, traders, and degens. As animal spirits cooled off in 2022, many have started to think about the tax implications of buying, selling, and holding NFTs. Due to the innovative nature of NFTs, there doesn’t yet exist reputable guidance on how NFTs are taxed.