Nifty news: Sandbox LAND on Polygon, ETH gain a tax loss and more

2022-6-30 05:34

An NFT trader pulled off a supposed tax write-off “masterclass” by booking a 74.2 ETH profit at a $52,000 loss, and print-on-demand firm Pixels.com has rolled out NFT merch support.

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tax nft eth loss print-on-demand profit support

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Источник: cointelegraph.com

tax nft → Результатов: 18

How Do You Tax an NFT?

Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.

2022-5-19 12:51	policy
tax hard blockchains decentralized adapt once rules

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International Tax Consortium Lists ‘Red Flag Indicators’ of Fraud in NFT Marketplaces

The guidance, which is the first of its kind from the Joint Chiefs of Global Tax Enforcement, lists both strong and moderate indicators of fraud.

2022-4-30 18:47	policy
indicators fraud lists tax chiefs joint kind

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NFT Tax Guide – How To Tax NFTs (For Creators & Investors)

It started as a Blockchain platform for collecting and breeding cats, but now it is the new internet and financial sensation. I am talking about Non-fungible tokens, usually referred to by the acronym NFTs.

2022-4-16 18:16	Tax Tools
nfts tax sensation financial new internet talking

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Important Info about the future of NFT taxing in the US

Earlier this year, the US made the process of NFT trading easier by making sense of the tax and investment ramifications of NFTs and Crypto assets. Knock Knock; it’s the IRS NFTs and crypto assets are fun and games until the tax person comes knocking for their cut.

2022-3-24 04:04	Latest News
assets crypto knock nft tax nfts irs

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It’s almost time for India’s Cryptocurrency and NFT Tax

In April 2022, India’s proposed cryptocurrency and NFT tax will kick in, and as the world prepares for this development, what do investors and holders need to know? Crypto Regulations: The way forward The majority of governments worldwide are yet, to fully legalize or accept crypto and related technologies.

2022-3-22 04:53
nft tax crypto cryptocurrency india know majority

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Singapore’s Tax Policies Will Affect NFTs; Here’s How

Singapore is persisting in being one of the most crypto-friendly countries at present. Lawrence Wong, Singapore's finance minister, has said that prevailing income tax rules will apply to NFT transactions.

2022-3-11 17:28	Singapore
singapore tax said minister wong lawrence finance

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UK Law Enforcement Agency Seizes almost $2M worth of NFTs

NFTs have come a long way since they first emerged in 2014, and a negative first; a UK law enforcement agency becomes the first UK law enforcement outfit to confiscate NFTs. NFTs and Tax Evasion One of the widely used arguments by crypto and NFT naysayers is that digital assets can be used to launder […] The post UK Law Enforcement Agency Seizes almost $2M worth of NFTs appeared first on NFT News Today.

2022-2-18 10:50
nfts enforcement law agency nft used almost

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UK tax authority makes first NFT seizure in VAT fraud case

The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification.

2022-2-14 12:06	United Kingdom
tax authority arrests connection made suspected three

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NFT Market Participants Could Face Stiff Tax Penalties In the U.S.

As the NFT market boomed in 2021, so do the questions around taxation come the next tax season. Sponsored Sponsored The Internal Revenue Service wants its share of the NFT booty. There is a lack of clarity on how NFT holders should be taxed, but tax experts say taxes could be up to 37%.

2022-1-16 12:05
nft tax market sponsored could clarity lack

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Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT

While the interest in crypto markets skyrocketed, the NFT craze also saw a massive surge through the last year. However, it's now time for the taxmen to check for tax liabilities from profits in theseThe post Tax season: Regulations unclear, experts advise early prep for taxes on crypto, NFT appeared first on AMBCrypto.

2022-1-16 00:30	News
crypto nft tax early regulations unclear experts

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South Korea will not tax NFT gains even as it moves to tax crypto income

It is no longer news that South Korea is looking to start taxing crypto gains from 2022, however, the Asian country’s minister of Economy and Finance Hong Nam-ki has revealed that the proposed crypto tax law will not be applicable to non-fungible tokens (NFTs).

2021-10-8 19:00	#tokens
crypto tax south gains korea hong nam-ki

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Taboo: A New Deflationary Token with NFT Platform Support

Taboo, a community lead project launches a deflationary token with its own NFT marketplace. It has a built-in static rewards program where holders earn passively through the 5% tax distribution to token holders.

2021-5-27 14:00	Sponsored
token taboo holders nft deflationary rewards earn

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Taboo: A New Deflationary Meme Token with NFT Platform Support

Taboo, a community lead project launches a deflationary meme token with its own NFT marketplace. It has a built in static rewards program where holders earn passively through the 5% tax distribution to token holders.

2021-5-27 20:23	Press releases
token nft holders taboo deflationary meme static

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NFT Buyers and Sellers Could be Liable to “Unknown” Capital Gains Tax in the United States

U. S. citizens making money off the booming non-fungible token (NFT) market may be unaware of liable taxes from selling the NFTs. Beeple’s record-breaking $69. 3 million NFT sales could attract tens of millions in taxes.

2021-3-19 22:03	Trading & Investing
nft taxes liable could nfts may unaware

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Those buying NFTs with Bitcoin or Ether may face tax surprise

With NFT sales on the rise, news agency CNBC revealed that buyers and sellers could face taxes on such transactions. According to the company's wealth reporter, Robert Frank, the US Internal Revenue The post Those buying NFTs with Bitcoin or Ether may face tax surprise appeared first on AMBCrypto.

2021-3-18 01:30	News
face those buying bitcoin surprise tax may

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NFT Tax Looms For Crypto-Art Holders This Tax Season

Tax, Tax, and More Tax According to a report by CNBC, tax experts claim that the vast majority of non-fungible token (NFT) holders are not aware of the tax implications their holdings could incur.