NFTaxes for NFT Artists

As part of the short series related to everyone's favorite topic, taxes, JeNFT will be sharing with you some key things to know if you’re an artist or project owner in the world of NFTs when it comes to taxes. 



JeNFT's Notes from the episode:

You may want to check out the first episode in the NFTaxes series here.

  • Not a CPA, accountant, or tax attorney. Our goal is to share what we know and what we’ve learned as we’ve embarked on the NFT journey. 
  • We encourage you to seek professional advice by those who are trained and qualified when it comes to the specifics of your taxes. 
  • This overview is specific to US residences though these types of tracking tools might be helpful to you regardless of where in the world you live. 
  • Creating an NFT does not trigger a taxable event
  • Selling your NFT DOES trigger a taxable event and the profit you make on the sale will be taxed as ordinary income
  • Expenses may be deducted to offset your taxable income
  • Royalties will also be taxed as ordinary income
  • State taxes may be owed too

An easier way to track your transactions are by utilizing tax-specific software such as:

  • CoinTracker – try it for FREE
  • Coinledger – get started for FREE, Our pricing tiers fluctuate based on the number of transactions made during a given tax season.
  • ZenLedger – get started for FREE, Competitively priced plans to meet your specific trading needs. Access the report forever, so you can always update or add transactions before printing and filing your tax forms.


  • 0:00 Show overview
  • 0:25: What you will learn in NFTaxes for NFT Artists
  • 1:05 What you need to know if you are a NFT Artist
  • 4:23 Example of what this looks like for NFT Artists
  • 10:15 NFT Tracking Software

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