How will NFTs affect your tax return this year? How will you get your taxes organised for next year and how do you avoid costly mistakes and help yourself save money with your NFT Taxes?
I’ve teamed up with CPA Kate Waltman who has deep dived into the biggest questions and queries the NFT community has around NFT and Crypto Tax. If you want to know what the Tax Rules are how to do your NFT taxes and what they best Crypto Tax strategy is for you, then you’ll want to watch all these tips to help avoid those crypto mistakes.
To find out more about how to get tax advice for your NFT journey, you can contact Kate via:
01:00 What tax should you pay on your NFTS?
01:40 Paying for NFTs in FIAT rather than Crypto and the tax breaks you can get
02:09 Paying Tax when you have a stash of Ethereum from the last few years
03:24 How much money do I need to put aside for NFT Taxes?
04:13 Tax implications if you sold an NFT in the last 12 months
05:03 Knowing which parts of your NFT purchases are actually taxable
05:35 Airdrops and Giveaways – what are the tax implications
06:47 What happens if you don’t sell the airdroped NFT are you still taxed?
07:18 Gas Fees – How these are taxed and where you might be able to get a break!
08:31 Planning ahead for 2022 – how to stay organised and get yourself in a good tax position.
DISCLAIMER: ** THIS IS NOT FINANCIAL OR LEGAL ADVICE ONLY OPINIONS OF MYSELF AND MY GUESTS. I AM NOT RESPONSIBLE FOR ANY INVESTMENT OR LEGAL DECISIONS YOU CHOOSE TO MAKE. ANYONE ENTERING INTO THE WORLD OF NFTS SHOULD DO SO CAUTIOUSLY AND ONLY BE WILLING TO SPEND WHAT THEY CAN AFFORD TO LOSE **
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