Estimated Tax Payments - NFT sale tax implications

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Started by plea_bargain_bob_2 · Feb 21, 2024 · 1,066 views · 1 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
PB
plea_bargain_bob_2 OP

Quick background on my situation — any input appreciated.

NFT sale tax implications. I've been dealing with this for about 15 months now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

Do I have a strong case? What should my next steps be?

QU
quietobserver_28

Following this thread — Same boat here or something like that, please update us on what happens honestly!

RT
rosa_tenant_41

The new broker reporting rules for crypto are going to be a nightmare for DeFi. Starting in 2026, brokers have to report cost basis. But for DeFi, there IS no broker. The IRS is still figuring this out.