Daily Archives: May 11, 2023

NFTs to Be Taxable Collectibles According to IRS

Taxable Non Fungible Tokens At this moment NFT holders are on edge since the IRS has started to consider making the Non-Fungible Tokens become taxable collectibles. A document was released following the proposal to treat NFTs like other collectibles such as fine wine, art, and stamps. The tokens should in that case be taxed accordingly […]