Tax Chats cover image

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

Tax Chats

CHAPTER

The Tax Rate That Applyes to NFTs

I have a proposal for Starbucks. They could be just as trendy by doing this as an NFT, but instead of a non-fungible token, it could be a neat, fun ticket. I think Starbucks might be calling any day to get Jeff a consulting contract. The IRS released notice 2023-27 and it's basically proposing rules that would classify certain NFTs as collectibles for tax purposes under section 408 of the code.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner