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Eryka Gemma: Cryptocurrency, Bitcoin, NFTs and more.

Money Tree Investing

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Tax Transactions Are Going to Be Required to Be Reported to the IRS

I think what you're going to start seeing is something we call, in the tax world, third party reporting. So when you purchase a non fungible token, you have a tax transaction. And so if these things start getting reported, you are going to see someex tax bills all over the place. The i r s and the respective state revenue boards are going to be thrilled with this. They're looking for money, and this is a great place to get it.

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