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The ULTIMATE NFT Tax GuideOur guide to how the US tax authorities treat cryptocurrency and non-fungible tokens (NFTs) and the tax implications for individual and corporate investors. Although the maximum long-term capital gain is currently 20%, many tax practitioners believe NFTs will be treated by the IRS as collectibles like art, antiques. While transferring virtual digital assets, the taxpayer should pay tax at 30% on profits earned. Hence, this tax rate will also apply to the transfer of NFTs.
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