NFT Taxation: What Guidance Currently Exists and Using Established Tax Principles to Fill the Voids (2022)

Megan partnered with Prof. Jordan Barry (The University of Iowa) and Fotis Konstantinidis (Stout) to present on the topic, "NFT Taxation: What Guidance Currently Exists and Using Established Tax Principles to Fill the Voids." 

Daniel Budofsky served as Chairperson and spoke in the session, "Issues in Financial Regulation: The Applicability of the U.S. Securities Laws, Commodity Laws, and Other Financial Regulation to Various Use Cases of NFTs”.

This session covered the following:

• Existing federal tax laws and regulations for NFTs
• Applicability of existing tax principles, rules and regulations when formal guidance is lacking or incomplete
• Pending and promised legislation and guidance
• How to plan opportunities and business strategies
• Gauging NFT valuation, including for planning and reporting purposes  

For more information, please visit the event page.