NFT Tax Treatment IRS Guidance: Complete Guide for 2024-2025
Atomic Answer: The IRS treats NFTs as property for tax purposes under Notice 2023-27, subjecting them to gains rates 0%, 15%, or 20% based on holding period
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Michael Torres, CPA, is a certified public accountant with 15 years of experience in digital asset taxation. He has advised over 500 clients on crypto and NFT tax compliance and is a member of the American Institute of CPAs (AICPA) Digital Asset Working Group.