What is taxation in NFT games?

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osamudazai
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Joined: 19 Jul 2022, 09:29

What is taxation in NFT games?

In an NFT marketplace for game assets, the items you win by playing NFT games are considered capital gains. You will be required to pay capital gains tax on them as a result of this. When you sell the item, you will be required to pay a percentage of its value. As a result, when it comes time to file your taxes, you will need to accurately record all of your winnings and losses.
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