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West Ashley Library
Closed (2024 - Labor Day)
Phone: (843) 766-6635
Folly Beach Library
Closed (2024 - Labor Day)
Phone: (843) 588-2001
Edgar Allan Poe/Sullivan's Island Library
Closed (2024 - Labor Day)
Phone: (843) 883-3914
Wando Mount Pleasant Library
Closed (2024 - Labor Day)
Phone: (843) 805-6888
Village Library
Closed (2024 - Labor Day)
Phone: (843) 884-9741
St. Paul's/Hollywood Library
Closed (2024 - Labor Day)
Phone: (843) 889-3300
Otranto Road Library
Closed (2024 - Labor Day)
Phone: (843) 572-4094
Mt. Pleasant Library
Closed (2024 - Labor Day)
Phone: (843) 849-6161
McClellanville Library
Closed (2024 - Labor Day)
Phone: (843) 887-3699
Keith Summey North Charleston Library
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Phone: (843) 744-2489
John's Island Library
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Phone: (843) 559-1945
Hurd/St. Andrews Library
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Phone: (843) 766-2546
Miss Jane's Building (Edisto Library Temporary Location)
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Dorchester Road Library
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Phone: (843) 552-6466
John L. Dart Library
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Phone: (843) 722-7550
Baxter-Patrick James Island
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Phone: (843) 795-6679
Main Library
Closed (2024 - Labor Day)
Phone: (843) 805-6930
Bees Ferry West Ashley Library
Closed (2024 - Labor Day)
Phone: (843) 805-6892
Mobile Library
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Phone: (843) 805-6909
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Taxation of NFTs.
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- Author(s): Luscombe, Mark A.
- Source:
Accounting Today; Jan2022, Vol. 36 Issue 1, p12-12, 1p, 2 Color Photographs- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: If the IRS deems an NFT to be a "collectible" as defined in the tax law, the sale could be subject to the higher 28% capital gain rate on the sale yof a collectible. The difference in tax treatment would be even more significant if the sale of the NFT results in>a loss, which, given the volatility of the NFT market, may be a common experience. It is often the case that new products, services or other income streams develop in the U.S. economy before Congress and the Internal Revenue Service figure out if existing tax provisions apply or if a new law or guidance is necessary to let taxpayers know the proper treatment of these new developments. [Extracted from the article]
- Abstract: Copyright of Accounting Today is the property of Arizent and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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