United States of America: Guidance regarding tax treatment of nonfungible token (NFT) as a collectible
Progress
Current status
processing consultation
19 Jun 2023 processing consultation
21 Mar 2023 in consultation
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Consultation closed on guidance on taxation of NFTs as collectibles
On 19 June 2023, the consultation on the proposed guidance on the taxation of non-fungible tokens (NFTs) closed. The guidance was proposed by the Internal Revenue Service (IRS) and the Treasury Department (Treasury). Both agencies aim to gather info…
SourceEvent type
order
Action type
consultation closed
Government branch
executive
Government body
central government
Consultation opened on guidance on taxation of NFTs as collectibles
On 21 March 2023, the consultation on the proposed guidance on the taxation of non-fungible tokens (NFTs) was opened until 19 June 2023. The guidance was proposed by the Internal Revenue Service (IRS) and the Treasury Department (Treasury). Both age…
SourceEvent type
order
Action type
consultation opened
Government branch
executive
Government body
central government