Tax Chats

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

Apr 14, 2023

31:35

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Episode notes

Introduction

2min

How to Beat Larry on Twitter

3min

The Appeal of Starbucks Rewards Programs

3min

How the NFT and Starbucks Rewards Programs Work

6min

The Tax Consequences of a Starbucks NFT Acquisition

2min

The Tax Implications of NFTs for Starbucks

2min

The Tax Rate That Applyes to NFTs

3min

The IRS Proposed Notice 23-27 on Collectibles

6min

The Benefits of Treating NFTs Differently

4min

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Starbucks is piloting a reward program called Odyssey in which members get rewarded with NFTs. We discuss the possible tax consequences to Starbucks and its customers. We also discuss the issues surrounding taxation of NFTs in general.

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