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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)$89,291.00-3.34%
  • ethereumEthereum(ETH)$3,026.76-4.37%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.03-3.66%
  • binancecoinBNB(BNB)$884.61-2.13%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$133.57-4.57%
  • tronTRON(TRX)$0.286140-0.16%
  • staked-etherLido Staked Ether(STETH)$3,024.66-4.47%
  • dogecoinDogecoin(DOGE)$0.139919-5.43%
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  • bitcoinBitcoin(BTC)$89,291.00-3.34%
  • ethereumEthereum(ETH)$3,026.76-4.37%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.03-3.66%
  • binancecoinBNB(BNB)$884.61-2.13%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$133.57-4.57%
  • tronTRON(TRX)$0.286140-0.16%
  • staked-etherLido Staked Ether(STETH)$3,024.66-4.47%
  • dogecoinDogecoin(DOGE)$0.139919-5.43%