Taxation of Non-fungible Tokens (NFTs)

• Be able to define NFTs and describe how they are created.
• Develop a working knowledge of how NFTs are recorded and transferred.
• Determine what type of transaction involving an NFT creates a taxable event.
• Be able to identify how NFTs are classified.
• Discuss the current legislative environment and actions taken to regulate NFTs.
• Become knowledgeable of current enforcement actions employed by the IRS.

• NFT basics
• Classification of NFTs
• Current Legislative and Policy Environment
• Tax implications of creation, sales and exchanges of NFTs.