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IRS Considering Taxing NFTs as Collectibles

IRS Considering Taxing NFTs as Collectibles
The U.S. Internal Revenue Service (IRS) has announced it is looking to take feedback on the taxation of non-fungible tokens ( NFTs ).



The Treasury Department and the IRS issued a notice about the tax treatment of Non-Fungible Tokens as collectibles. It seeks feedback on whether to tax NFTs under Section 408(m) of the Internal Revenue Code.



The IRS is open for comments till June 19.




Breaking: the IRS just released Notice 2023-27 saying that they are working on NFT tax guidance 
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