The US Treasury Department and Internal Revenue Service (IRS) will be soliciting feedback and comments for upcoming guidance regarding the tax treatment of nonfungible tokens (NFT) as collectibles.
The guidance sets out how the IRS intends to determine whether an NFT is a collectible until further guidance is issued.
A nonfungible token (NFT) is a unique digital identifier that is recorded using distributed ledger technology and may be used to certify authent...
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