Save Thousands In Taxes by Harvesting NFT Losses - CoinLedger Explains How
What is Tax Loss Harvesting?
Now, Jane’s tax bill will be just $7,400 for the year . By simply harvesting her NFT losses, Jane saves $11,100 on her taxes!Unfortunately, NFT investors can find it difficult to harvest losses when their NFTs don’t have any liquidity on open markets. The NFT Loss Harvestooor is a smart contract deployed to Ethereum mainnet that will purchase an NFT for 0.00000001This allows any investor to realize capital losses and reduce their taxes.How Does CoinLedger’s NFT Loss Harvestooor Work?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nifty News: Reddit NFT mints reach all-time high, EU’s $400K Metaverse party flops and moreMinting of Reddit’s nonfungible tokens (NFTs) has hit an all-time high record, the European Union’s $400,000 metaverse threw a party and nobody showed, TimeX is making Bored Ape watches, and November NFT sales jumped 16% from October.
Read more »
In a rocky year for investors, here’s a year-end primer on taxes and givingAs the year-end approaches, remember: Markets will always be unpredictable, and the volatility experienced in 2022 will be no exception.
Read more »
Indian Crypto Association Seeks Relief from High TaxesAs budget consultations are going on, the crypto advocacy group is lobbying to secure concessions from the unfriendly taxes.
Read more »
States that collect the most in property taxesHere's a look at how much states collect in property taxes each year, according to Census Bureau data.
Read more »
Prosecutor: Evidence shows Trump ‘explicitly’ OK’d tax fraudThe Trump Organization is accused of helping executives avoid paying income taxes on company-paid perks.
Read more »