IRS Seeks Public Input on Taxing NFTs as Collectibles
US citizens wanting to boost their retirement funds by investing in digital artworks on-chain may want to rethink their strategies. The Internal Revenue Strategy (IRS) recently revealed that it may exclude non-fungible tokens (NFTs) for individual retirement accounts (IRAs) following new taxation guidelines. Interestingly, it wants public input before the go-ahead. Quick Takes: Exploring the
By Leah Waters · March 23, 2023