Option to Classify NFT Proceeds as Ordinary Income for Tax Reporting
submitted
Sarah T. - CoinTracker
Users Feature Request:
- NFT artists would like the ability to mark their proceeds as ordinary income for tax reporting purposes.
- For more details on NFT tax reporting, please refer to the NFT Tax Guide.
As a user, what can I do?
At this time, there is no workaround to manually adjust NFT proceeds as ordinary income.
If you are unsure of the correct way to handle the income from these transactions, it is recommended to consult a tax professional.
Keywords: NFT, ordinary income, tax reporting
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Sarah T. - CoinTracker
submitted