How is NFT sales taxed?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

NFT sales are often treated as taxable transactions, but the exact treatment can depend on whether the NFT is being sold as a collectible, tied to digital art or other property, and whether the seller is creating, flipping, or simply holding the asset. The tax result can also vary based on the selle For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.