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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)$68,327.00-0.89%
  • ethereumEthereum(ETH)$1,965.55-1.72%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$1.49-2.10%
  • binancecoinBNB(BNB)$615.71-0.33%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$84.01-3.31%
  • tronTRON(TRX)$0.2808280.16%
  • dogecoinDogecoin(DOGE)$0.100005-7.10%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%
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  • bitcoinBitcoin(BTC)$68,327.00-0.89%
  • ethereumEthereum(ETH)$1,965.55-1.72%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$1.49-2.10%
  • binancecoinBNB(BNB)$615.71-0.33%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$84.01-3.31%
  • tronTRON(TRX)$0.2808280.16%
  • dogecoinDogecoin(DOGE)$0.100005-7.10%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%