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Over the last year, many Americans have diversified their investments and made significant income on assets like cryptocurrencies and NFTs. These asset classes are relatively new for a majority of Americans, so the experts at Jackson Hewitt have compiled a list of items filers should know ahead of Tax Day 2022.
I bought some NFTs and crypto in the last year. What should I know about paying taxes on them?
Note: the IRS is watching this area closely, and there is a question on the front of the tax return to make sure you meet the criteria.
This tax advice is brought to you by our partner Jackson Hewitt.
Preparing your taxes? Here are more tips:
Tax Prep 2022: What You Need to File Your Own Taxes
What to Do If You Can't Afford to Pay Your Tax Bill on Time
Here's What to Do if You Miss the Tax Day Deadline
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