Article Details
Retrieved on: 2024-02-06 16:21:29
Tags for this article:
Click the tags to see associated articles and topics
Summary
The article discusses the evolving sales and use tax treatment of non-fungible tokens (NFTs) across various states, highlighting the IRS's notice on NFTs as "collectibles," state-specific approaches, and the resulting complexity for taxpayers. Key concepts include NFTs' taxability and economic nexus thresholds. Tags include blockchains, cryptocurrencies, digital art, real estate, Ethereum, ERC-721, and the impact of NFTs on traditional businesses.
Article found on: tax.thomsonreuters.com
This article is found inside other hiswai user's workspaces. To start your own collection, sign up for free.
Sign UpAlready have an account? Log in here