A Magical Action for Naught: Nonfungible Tokens

https://news.bloombergtax.com/daily-tax-report/a-magical-action-for-naught-nonfungible-tokens

2 Pages Posted: 17 Jun 2021

Date Written: June 7, 2021

Abstract

Nonfungible tokens (NFTs) seem to be the next big shiny thing, but the tax issues surrounding them are a bit murky. Russell Willis of Charitable Solutions LLC looks at the basics and examines the issues in making a charitable donation of an NFT.

Keywords: nonfungible tokens, charitable contribution, appreciated property, collectibles

JEL Classification: K34

Suggested Citation

Willis, Russ, A Magical Action for Naught: Nonfungible Tokens (June 7, 2021). https://news.bloombergtax.com/daily-tax-report/a-magical-action-for-naught-nonfungible-tokens, Available at SSRN: https://ssrn.com/abstract=3861976

Russ Willis (Contact Author)

The Greystocke Project ( email )

1042 East Lester Street
Tucson, AZ 85719
United States
314.566.3386 (Phone)

HOME PAGE: http://www.plannedgiftdesign.com/index.html

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