Kryptos NFT module gives you access to full NFT dashboard (Inventory, Listings, Sold, Bought, Transactions) and NFT reports as well. With NFT module you could get a complete overview of your NFT portfolio. More blockchains and integrations are being added regularly.

Yes, NFTs (Non-Fungible Tokens) are generally subject to tax. Most tax authorities consider them as crypto assets, and the tax treatment varies depending on factors such as the country's regulations and the nature of the transaction. For example, in the United States, NFTs may be taxed as collectibles, subject to a specific tax rate of 28% for gains.

Yes, NFT losses may be tax-deductible in some jurisdictions. However, the rules surrounding the deductibility of NFT losses can vary, and it's advisable to consult with a tax professional or accountant for specific guidance in your area. In Canada, for instance, NFT losses may be deductible depending on how they are acquired and used, with the Canada Revenue Agency (CRA) deciding on a case-by-case basis.

Yes, buying NFTs with cryptocurrencies like ETH or BTC can be taxable. In many cases, trading or spending crypto is considered a taxable event, even if it's used to purchase another digital asset like an NFT. For example, in the United Kingdom, buying NFTs with cryptocurrency may incur Capital Gains Tax.

NFTs are taxed similarly to cryptocurrencies, varying depending on factors such as the country's regulations and the specific nature of the transaction. In most cases, tax authorities classify NFTs as crypto assets and apply the same tax rules as cryptocurrencies. However, there are exceptions. For example, in the United States, the IRS treats NFTs as collectibles, subjecting them to specific tax rates and regulations.

In some jurisdictions, you may be able to claim capital losses on NFTs. However, the eligibility for claiming capital losses and the specific rules governing such deductions vary by country and may depend on factors such as your tax status and the nature of the loss. For instance, in Australia, capital losses on NFTs can be offset against capital gains.

In certain circumstances, NFTs may be considered a business expense if they are acquired and used for business purposes. However, the deductibility of NFTs as a business expense depends on factors such as the nature of your business and how the NFT is utilized within your operations. In the United States, NFTs used for business purposes may be deductible as a business expense, subject to specific IRS regulations.

Yes, an NFT is typically considered a capital asset. Capital assets are assets held for investment purposes, and they are subject to capital gains tax when sold for a profit. In the United Kingdom, NFTs are generally treated as capital assets subject to Capital Gains Tax upon disposal.

An NFT is classified as a digital asset, specifically a non-fungible token. NFTs represent ownership or proof of authenticity of unique digital items, such as digital art, collectibles, or virtual real estate. In Australia, NFTs are treated similarly to cryptocurrencies for tax purposes, following the same tax treatment as cryptocurrencies.

Yes, capital gains tax typically applies to NFTs when they are sold for a profit. The rate and treatment of capital gains tax on NFTs may vary depending on the country's tax laws and regulations. For example, in Canada, capital gains tax may apply to NFTs sold for a profit, with the tax rate depending on factors such as the individual's tax status and the duration of ownership.

Yes, you may be required to pay taxes on NFT sales. The tax implications of NFT sales depend on factors such as your country of residence, the duration of time you held the NFT, and whether you're classified as an individual or a business entity. In the United States, for instance, taxes on NFT sales are subject to IRS regulations, with specific guidance on the tax treatment of NFTs as collectibles.