Both property and real estate, which are what an NFT can fall under, are eligible for a step up in basis at the date of death.
A Big Problem with using Cryptocurrency as a Payment Tool
From NBA Top Shot to MLB tickets, making payments with cryptocurrency is becoming more mainstream. But there can be a glaring issue when it comes to taxation on those crypto payments.
A (Somewhat) Plain English Introduction to Cryptocurrency and Blockchain
The rise of Bitcoin and Dogecoin in 2021 has catapulted the conversation on crypto. Here’s a good place to start if you’re new to the sphere or want a better idea of what’s going on.