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An NFT for Drinking Coffee at Starbucks? Chatting with Garrett Brodeur about NFTs and Rewards Programs.

Tax Chats

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How the NFT and Starbucks Rewards Programs Work

The tax rules that apply to digital assets such as NFTs are still largely in flux. The IRS says the earning of the reward of a digital asset like an NFT may be taxable. It's an open question on when that tax is incurred on receipt or on redemption for a reward in the Odyssey marketplace. If say stamps that are earned can be exchanged in the same way and for stamps that are purchased, then it's their different tax consequences that can apply there.

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