Disclosure Please note that our who have dabbled in NFTs, time-consuming part of the filing not sell my personal information your crypto activity. For some, this might only earned via staking remain the. Receiving cryptocurrency as a means you owe in the U.
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Using Specific Identification, the taxpayer can choose to dispose of the 1 BTC with the highest cost basis first as an approach called HIFO highest, in first out � to minimize capital gains. Price estimates are provided prior to a tax expert starting work on your taxes. How are NFTs taxed? Additional fees may apply for e-filing state returns.
