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US-based crypto users likely still have to pay taxes on NFTs, says CNBC

March 17, 2021 by DIGIT
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“If you exchange crypto for any other asset, you immediately recognize a capital gain or loss,” said Robert Frank.

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Categories Ethereum, Law, nft, Regulation, Taxes, United States
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Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$69,476.000.52%
  • ethereumEthereum(ETH)$2,489.04-0.78%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$568.73-0.45%
  • solanaSolana(SOL)$164.19-1.20%
  • usd-coinUSDC(USDC)$1.00-0.07%
  • rippleXRP(XRP)$0.51-1.06%
  • staked-etherLido Staked Ether(STETH)$2,487.69-0.83%
  • dogecoinDogecoin(DOGE)$0.159045-1.24%
  • tronTRON(TRX)$0.166155-0.60%
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  • bitcoinBitcoin(BTC)$69,476.000.52%
  • ethereumEthereum(ETH)$2,489.04-0.78%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$568.73-0.45%
  • solanaSolana(SOL)$164.19-1.20%
  • usd-coinUSDC(USDC)$1.00-0.07%
  • rippleXRP(XRP)$0.51-1.06%
  • staked-etherLido Staked Ether(STETH)$2,487.69-0.83%
  • dogecoinDogecoin(DOGE)$0.159045-1.24%
  • tronTRON(TRX)$0.166155-0.60%