Taxpayers must apply general principles in current tax law to their NFT transactions until further notice. Taxpayers should not mistakenly treat NFTs the same as cryptocurrencies as they are ...

Check this guide to learn the process of tax-loss harvesting in the crypto space. View the mechanics, considerations and ...

NFT taxes work the same way as crypto taxes. If you realize a gain from selling an NFT, you owe taxes on those gains. Keep in mind that if you mint an NFT and pay a gas fee in crypto, this is ...

The UK tax authority has seized three Non-Fungible Tokens (NFT) as part of a probe into a suspected VAT fraud involving 250 alleged fake companies. HM Revenue and Customs (HMRC) said three people ...

But while profits soar, so does the tax burden for investors. In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs).