Things Every Investor Should Know to Avoid and Survive an NFT Tax Nightmare in Crypto World

Things Every Investor Should Know to Avoid and Survive an NFT Tax Nightmare in Crypto World

1. Tax Upon Purchasing NFTs

When you cryptocurrencies, there is always a specific amount of tax involved that you have to pay to claim that said cryptocurrency. In the case of NFTs, when you buy an NFT with Ether, you are disposing of your cryptocurrency and buying something else from it.

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