{"id":72111,"date":"2021-07-04T11:51:00","date_gmt":"2021-07-04T15:51:00","guid":{"rendered":"https:\/\/www.tradertaxcpa.com\/?p=72111"},"modified":"2022-09-07T11:54:22","modified_gmt":"2022-09-07T15:54:22","slug":"nfts-for-beginners-and-how-they-are-taxed","status":"publish","type":"post","link":"https:\/\/www.tradertaxcpa.com\/index.php\/2021\/07\/04\/nfts-for-beginners-and-how-they-are-taxed\/","title":{"rendered":"NFTs For Beginners and How They Are Taxed!"},"content":{"rendered":"<p class=\"wp-block-paragraph\">NFTs for beginners and How They Are Taxed! <\/p><p class=\"wp-block-paragraph\">We explore the basic concepts of an NFT, the types of transactions you might have, and how the IRS might view these transactions. <\/p><p class=\"wp-block-paragraph\"><strong>NFT Creator<\/strong> \u2013 artists who create NFTs and offer them for sale in market places <\/p><p class=\"wp-block-paragraph\"><strong>NFT Investor<\/strong> \u2013 individuals who buy and sell NFTs for speculation <\/p><p class=\"wp-block-paragraph\">IRS Guidance on Investments in Collectibles <a href=\"https:\/\/www.irs.gov\/retirement-plans\/investments-in-collectibles-in-individually-directed-qualified-plan-accounts\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/www.irs.gov\/retirement-plans\/&#8230;<\/a><\/p><p class=\"wp-block-paragraph\">Connect With Me On Social Media! <a rel=\"noreferrer noopener\" href=\"https:\/\/linktr.ee\/brianrivera\" target=\"_blank\">https:\/\/linktr.ee\/BrianRivera<\/a><\/p><p class=\"wp-block-paragraph\">Interested in booking a <a href=\"https:\/\/calendly.com\/tradertaxcpa\">consultation<\/a> to discuss your situation in detail?<\/p><p class=\"wp-block-paragraph\">Don&#8217;t forget to check out our Day trader<a href=\"https:\/\/www.tradertaxcpa.com\/index.php\/taxcorner\/\"> Blog Resource Center<\/a>!<\/p><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"NFTs For Beginners and How They Are Taxed!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/DHImLiD6Vkw?start=263&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>","protected":false},"excerpt":{"rendered":"<p>NFTs for beginners and How They Are Taxed! We explore the basic concepts of an NFT, the types of transactions you might have, and how the IRS might view these transactions. NFT Creator \u2013 artists who create NFTs and offer them for sale in market places NFT Investor \u2013 individuals who buy and sell NFTs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[30],"tags":[162,165,166,163,164,167],"class_list":["post-72111","post","type-post","status-publish","format-standard","hentry","category-cryptocurrencies","tag-nft","tag-nft-creator","tag-nft-investor","tag-nfts","tag-non-fungible-tokens","tag-opensea"],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NFTs For Beginners and How They Are Taxed! - Trader Tax CPA, LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradertaxcpa.com\/index.php\/2021\/07\/04\/nfts-for-beginners-and-how-they-are-taxed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFTs For Beginners and How They Are Taxed! - Trader Tax CPA, LLC\" \/>\n<meta property=\"og:description\" content=\"NFTs for beginners and How They Are Taxed! 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