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Tag: Crypto Tax

NFT Taxation; Important New Rules

Posted on July 11, 2023May 23, 2023 ABM EditorPosted in Uncategorized

Did you buy, sell, donate, or receive an NFT during the tax year? If so, you must answer “yes” to the digital assets question on page one of the IRS Form 1040. Additionally, if you have sold an NFT, you could be liable for tax or eligible for a deductible loss. If you are unsure […]

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