The IRSnews is looking to potentially tax NFTs like collectibles, the agency announced in proposed guidance on Tuesday. jackschickler reports
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens on a par with other collectibles such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday.
The proposed guidance represents the first move by the U.S.
In October the IRS expanded its instructions for those filing tax forms, to ensure it included NFTs as well as cryptocurrencies.
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