IRS wants to know if NFTs count as collectibles for tax purposes

The Treasury and the IRS aren’t sure whether NFTs count as collectibles, which would impact capital gains tax. The public can now weigh in.
The Treasury and the IRS aren’t sure whether NFTs count as collectibles, which would impact capital gains tax. The public can now weigh in.
When it comes to top talent, the IRS faces competition from crypto firms that are cash-rich and value a background in tackling crime.
The IRS has ordered a New York bank to share client info linked to crypto exchange users that will help prevent potential crypto tax evasion.
The IRS is gearing up for a wave of NFT-related tax evasion cases, with many collectors still not sure how to declare crypto assets.