The U.S. Internal Revenue Service (IRS) has given NFT investors new clarity about how the assets are set to be taxed. As per the IRS’ 2022 tax year guide, all “digital assets,” including stablecoins, non-fungible tokens (NFTs), and cryptocurrencies are set to be taxed under the same rules. This is a departure from the 2021 guide which used the more limited term “virtual currencies,” and solely defined the rules governing cryptocurrencies and stablecoins. Taxpayers who have “disposed of any digital asset in 2022” through a sale, exchange, gift, or transfer will now have to ...
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