Tracking NFT Cost Basis Across Multiple Wallets
Three wallets. Fifty NFTs. Multiple exchanges. Keeping accurate cost basis records across all of them is tedious but required—here's how to do it right.
NFT Tax Tips
Navigate the complex world of NFT taxation with confidence
Recent Articles
NFT Charitable Donations: Tax Strategy or Audit Risk?
Donate an appreciated NFT to charity and deduct its fair market value—but only if it's held long-term and you can prove the valuation.
NFT Taxes Vary Wildly by State—Know Your Local Rules
Federal NFT taxes are complex. State taxes add another layer. Nine states have no income tax. Others tax NFT gains at rates from 3% to 13.3%.
The $3,000 Capital Loss Deduction Limit Explained
You can only deduct $3,000 of net capital losses per year against ordinary income. Excess losses carry forward to future years—potentially for decades.
NFT Staking Rewards Are Taxable When You Claim Them
Stake your Bored Ape and earn ApeCoin? Those rewards are ordinary income the moment you claim them, even if you don't sell.