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Tax Your Crypto and NFTs? Yes, the IRS Wants Its Cut (Video)

April 8, 2022, 2:14 PM

Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, Lisa Zarlenga, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out the types of taxes crypto owners must pay: income tax and capital gains tax, and provides examples of how different crypto transactions are taxed.

TRANSCRIPT

To contact the producer on this story: Macarena Carrizosa at mcarrizosa@bloombergindustry.com

To contact the executive producer responsible for this story: Josh Block at jBlock@bloombergindustry.com