DeFi and NFT Tax Help
DeFi and NFT activity generates some of the most complex tax situations in crypto. A single DeFi interaction can produce multiple taxable events. NFT sales involve nuanced cost basis questions. Creator royalties are treated differently from investor gains.
We’ve been handling DeFi and NFT tax situations since these markets existed.
DeFi tax issues we handle:
- Liquidity pool deposits and withdrawals
- Yield farming income classification
- Token swaps on DEXes — each swap is a taxable disposal
- Wrapped tokens and cross-chain bridges
- Lending, borrowing, and liquidation events
- Protocol governance token airdrops
NFT tax issues we handle:
- NFT purchases with crypto — two taxable events
- NFT sales — short vs. long-term classification
- Creator income — ordinary income treatment
- Royalties from secondary market sales
- NFT-to-NFT swaps and fair market value
Book a consultation to discuss your DeFi or NFT situation.