US tax watchdog classifies NFT as digital assets for tax purposes

Blog post1 min readUpdated Feb 24, 2025View source ↗

The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. The post US tax watchdog classifies NFT as digital assets for tax purposes appeared first on CryptoSlate.

Was this article helpful?

Still puzzling over something?

The agent has read this article — and everything around it. Ask a follow-up and it answers in seconds.

← Back to Help Center