CoinTracker is thrilled to announce support for non-fungible token (NFT) tracking and taxes. From games to music to artwork, users are creating, buying, and selling NFTs leading to over 500x growth over the past year. But how do you track all that? Or understand your taxes?
Starting today, you can go to CoinTracker, add your wallets, and immediately see all your NFT purchases. You can also understand your capital gains & losses at a glance. To get started, simply visit the CoinTracker NFT page and add your NFT wallets.
We are very excited to be the first full-suite NFT tax product. We believe that NFTs are here to stay and that we’ll see more and more impactful applications of them over time. And concern for tax liability should not be what prevents people from investing in their growth. For more details on how NFTs are taxed, check out our Guide to Non-Fungible Token Taxes.
We’re incredibly excited that CoinTracker is now tracking over 1% of all global cryptocurrency transactions (over $20B of crypto assets at today’s value), across more than half a million users. And now, we support NFTs too. WAGMI.
If you have any questions or comments about crypto taxes let us know on Twitter @CoinTracker.
CoinTracker integrates with 300+ cryptocurrency exchanges, 8,000+ blockchains, and makes bitcoin tax calculations and portfolio tracking simple.
Disclaimer: This post is informational only and is not intended as tax advice. For tax advice, please consult a tax professional.