NFTs: Explained, and Taxation

Unlike cryptocurrencies such as bitcoin, which are fungible or interchangeable, each NFT is different, or non-fungible. NFTs are being used to identify and authenticate digital artworks, adding values and protecting the creators and owners. But as a new technology, existing legal structures do not always apply in a direct and consistent way. The taxation of NFT is currently unclear but does rely on the limited guidance provided by the IRS and Treasury for digital currencies as well as traditional tax principles. Planning for corporate law purposes can also be complex. Join Daniel Budofsky, Megan Jones and Joshua Becker as they define NFTs, explain their identifying characteristics, and provide tax guidance along with other corporate planning insight.

For more information and to register, please visit the event page.