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

April 8, 2022, 2:14 PM UTC

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

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.