NFT Course

  1. Home
  2. NFT Course
  3. Legal considerations with NFTs
  4. Taxation
  5. Selling a Created NFT

Selling a Created NFT

The creation of an NFT itself is not a taxable event. However, when you sell an NFT on a marketplace like OpenSea, you will have to pay taxes on the profits. These profits may be considered income and are taxed at an ordinary income tax rate ranging from 10% to 37%. Similarly, this income is subject to self-employment taxes at 15.3%.

Was this article helpful to you? Yes No

How can we help?