It was only a matter of time before NFTs (non-fungible tokens) got a mention.
If I purchase NFTs using crypto currency and then sell the NFT at a profit am I subject to capital gains on the NFT and tax on any increase in the value of the crypto?
I'm just not really sure how I treat these for tax purposes.
If I purchase NFTs using crypto currency and then sell the NFT at a profit am I subject to capital gains on the NFT and tax on any increase in the value of the crypto?
I'm just not really sure how I treat these for tax purposes.