Paying Taxes on NFTs

With the IRS enforcing control on cryptocurrency taxes, there were a lot of  discussions around this topic lately. At the same time, very little (if any) has been said about non-fungible tokens (NFTs) and their tax status.

NFTs represent a special type of cryptographic token that is unique and can’t be replaced with another unit, vs cryptocurrencies like Bitcoins that are fungible in nature. One early example of NFTs is CryptoKitties, a blockchain-driven game where participants collect and breed digital cats.

Watch this recorded webinar to hear from Pat Larsen, CEO and Co-Founder of ZenLedger, and Matthew Gould, Founder and CEO of Unstoppable Domains, about what NFTs are, how they are different from other digital currencies, and how to pay taxes on them.

You will learn about:

• Emergence of new blockchain assets;
• NFTs and how they are different from regular cryptocurrencies;
• How to pay taxes on NFTs.

Speakers: