📍 San Diego, CA
NFTsDeFiStakingAirdrops
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📍 Los Angeles, CA
NFTsDeFiStakingIRS Audit Defense
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📍 Richardson, TX
NFTsDeFiDAOsBusiness
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📍 Miami, FL
NFTsDeFiMiningInternational
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📍 Aberdeen, WA
NFTsDeFiStakingReconciliation
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Why NFT tax is different
NFTs are treated as collectibles by the IRS, which means long-term gains are taxed at a maximum rate of 28% — higher than the 20% top rate for stocks and other crypto. This catches many NFT traders off guard.
- Collectible rate: Long-term NFT gains taxed at up to 28%, not 20%
- Marketplace fees: Platform fees (OpenSea, Blur) add to cost basis
- Creator royalties: Paid royalties are part of your cost basis
- Wash sale rules: Do NOT apply to NFTs (unlike stocks), which creates planning opportunities
- Minting: Creating an NFT is not taxable, but selling it is