information The hunt for billions of tax dollars owed on NFTs

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With all the buzz and discussion around NFTs one area might have been lacking on the conversation side. TAXES. Protos.com published an article that at least in the U.S. the I.R.S. is gearing up to collect potentially billions. From the article: As reported by Bloomberg, tax experts in the US suggest profits from sales on platforms like OpenSea or Rarible are taxed as ordinary income (up … [Read more...]​