A Magical Action for Naught: Nonfungible Tokens
https://news.bloombergtax.com/daily-tax-report/a-magical-action-for-naught-nonfungible-tokens
2 Pages Posted: 17 Jun 2021
Date Written: June 7, 2021
Abstract
Nonfungible tokens (NFTs) seem to be the next big shiny thing, but the tax issues surrounding them are a bit murky. Russell Willis of Charitable Solutions LLC looks at the basics and examines the issues in making a charitable donation of an NFT.
Keywords: nonfungible tokens, charitable contribution, appreciated property, collectibles
JEL Classification: K34
Suggested Citation: Suggested Citation
Willis, Russ, A Magical Action for Naught: Nonfungible Tokens (June 7, 2021). https://news.bloombergtax.com/daily-tax-report/a-magical-action-for-naught-nonfungible-tokens, Available at SSRN: https://ssrn.com/abstract=3861976
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