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383: NFTs: How are they taxed?

Main Street Business

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Using a Fork Lift to Create Income

In the video game star atlas, that's an nft. Nft would be capital gain, not collectable tax rate because it wasn't a collectable. Are they an income producing asset, or are they considered personal property? And if you need one of the lawyers in our office, you can get advice on these tax rules here. You're buying and selling other non-collectables, getting some f ts off them.

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