The United States Internal Revenue Service (IRS) has announced plans to release guidance on taxing nonfungible tokens (NFTs) as collectibles under the U.S. tax code. In an open notice issued on March 21, the IRS asked for public feedback on how NFTs should be treated regarding taxation. As per the IRS, collectibles in U.S. tax … NFTs could face 28% capital gains tax in the US: Here is what you need to know Read More »
