The Top 5 Tax Tips for NFT Investors

Posted on by American Coins & Gold

The Top 5 Tax Tips for NFT Investors
The non-fungible token (NFT) market has grown into a multibillion-dollar sector of the crypto industry, with top collections like CryptoPunks and Bored Ape Yacht Club trading for tens of millions of dollars or more.Needless to say, it’s been a wild year for NFT investors, who should use the last few weeks of 2021 to prepare for tax season in April.“Right now in December – before the year ends – you want to have an understanding of what your tax position is and your capital gains amount,” says Kate Waltman, a New York-based certified public accountant who specializes in crypto.This article…