Capital gains tax is the tax you may owe on the profit you make when you sell an asset—such as stocks, real estate, or a business interest—for more than you paid for it. The tax rate and rules often depend on how long you owned the asset and whether any exemptions or deductions apply.
In the U.S., many crypto airdrops can be taxable as ordinary income when you gain “dominion and control” over the tokens, typically valued at their fair market value on the date you can access or sell them. The IRS generally treats newly received tokens like compensation or other income even if you didn’t pay cash […]
Why a Crypto ‘Airdrop’ May Actually Be Taxable Income — Explained Simply Read More »
Wash trading in NFTs is when the same NFT is bought and sold by the same person or coordinated wallets to fake demand and inflate prices. The IRS is increasing scrutiny because these trades can be used to manipulate valuations and create improper tax losses or income reporting. This article defines wash trading, explains common
Wash Trading in NFTs — The IRS Is Now Looking Read More »
