Taxes for Artists | Web37 Daily 020
2022-03-01
Artists around the world are turning to NFTs and blockchain technology to make a living selling their art, with that, many NFT artists are curious to know how to report their sales on their taxes. Thankfully, we had the chance to sit down with Alex, who’s an NFT CPA to discuss this exact topic. As an NFT artist, all NFTs that you create and then sell are taxed as ordinary income. Just like creating and selling a piece of art in the real world, NFT art isn’t taxed much differently. Additionally, NFT artists are eligible to receive various tax deductions for their supplies, events, and even certain gas fees. To learn more about how NFTs are taxed and what’s considered deductible, check out the full article linked below! Twitter @TheNFTCPA @137pm
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Jeff Staple Presents Do Process Powered by Coinbase NFT Episode 007
"Do Process" is a new show that serves as a platform for creatives to discuss their incredible journeys, the lessons learned and their thoughts on the state of culture - all in realtime. Tune in and learn what's really going on with your favorite creatives, designers and industry leaders. Conversations offer insight into each guest's latest efforts. We touch on life before fame, their thoughts on the future and how their current projects are colliding with the new world order of crypto & nfts.
You were at the intersection of art and tech on the Sandbox weekly canvas week 52 of POAP.art
You were at the intersection of art and tech on the Sandbox weekly canvas week 51 of POAP.art