NFT (non-fungible token): what it means for crypto tax
An NFT is a unique on-chain token representing a specific item. Buying, selling and creating NFTs can each have tax consequences: a sale realises a gain or loss like any disposal, and creator earnings may be income.
General information, not tax advice. Crypto tax rules differ by country and change over time, verify against your country's guidance or a qualified advisor.
An example
Buying an NFT with crypto is a disposal of that crypto; selling the NFT later is a separate gain or loss against what you paid.
Why it matters for your tax
A single NFT flip is really two tax events stacked together, and some countries apply special collectible rules, so NFTs need careful, per-leg tracking.
CryptaTax handles this automatically across your wallets and exchanges, so the concept is applied consistently without you tracking it by hand. Try the crypto tax calculator →
Related terms
See the full crypto tax glossary for every term, or the crypto tax guides for how they fit together.
FAQ
An NFT is a unique on-chain token representing a specific item. Buying, selling and creating NFTs can each have tax consequences: a sale realises a gain or loss like any disposal, and creator earnings may be income.
See the crypto tax glossary for related terms, or the crypto tax guides for worked examples. Rules differ by country, so check your country's rules.