The U.S. Internal Revenue Service (IRS) has announced it is looking to take feedback on the taxation of non-fungible tokens (NFTs).
The Treasury Department and the IRS issued a notice about the tax treatment of Non-Fungible Tokens as collectibles. It seeks feedback on whether to tax NFTs under Section 408(m) of the Internal Revenue Code.
The IRS is open for comments till June 19.
Source: https://beincrypto.com/irs-considers-taxing-nfts-collectibles/