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NFT Taxation: What You Need to Know
The world of NFTs (non-fungible tokens) has exploded in popularity, bringing with it a wave of excitement, investment, and, inevitably, tax implications. Unlike traditional assets, NFTs introduce unique challenges for tax authorities and individuals alike, demanding a nuanced understanding of how these digital collectibles fit within existing frameworks. This article delves into the complexities of NFT taxation, shedding light on the different types of transactions, relevant tax laws, and the strategies for navigating this evolving landscape.
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