Will Your Crypto NFTs Lead to a Surprise Tax Bill

You may be surprised to learn that the purchase of non-fungible tokens NFTs may be a taxable event Sales of crypto NFTs have exploded in the past few months with everything from music albums to tweets being tokenized Most NFTs are purchased with previously held cryptocurrency which can create an unexpected tax burden for investors If you ve purchased an NFT with cryptocurrency that has accumulated value you are likely liable for capital gains tax on the appreciated value of that crypto Sign up for our CRYPTO TAX 101 WEBINAR a https 3A 2F 2Fgordonlawltd com 2Fcrypto-tax-101-register 2F a Read our NFT crypto tax blog a https 3A 2F 2Fgordonlawltd com 2Fnft-crypto-taxes 2F a

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