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Easy Guide to NFT Taxes

Easy Guide to NFT Taxes for 2024

Love them or hate them, NFTs are here to stay. Some only see a digital picture of an ape in human clothing. Others see an opportunity for creatives and artists to securely sell or trade with people all over the world via the blockchain. The NFT market has exploded over the last several years and shows no signs of letting up.

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Stylized image depicting a young woman with short, dark hair and glasses. She's smiling and holding a small German flag. Behind her is IRS Form 5471.

Form 5471 Overview: Who, What, and How

IRS Form 5471, “Information Return of U.S. Persons with Respect to Certain Foreign Corporations,” has complex filing requirements. Not sure whether you need to file or how to file? This guide breaks down what you need to know.

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