NFT Tax Calculator

We built this NFT tax calculator so you can calculate the gains on your NFTs. An expert CPA is needed to verify all claims.

If you have a lot of trades, you may need crypto tax software to calculate this for you.

Using the NFT Tax Calculator:

To use this calculator, follow these simple steps:

1. Select Currency: Choose the currency you used for both buying and selling your NFT from the dropdown menu.
2. Enter Purchase Price: Input the price you paid when you bought the NFT.
3. Enter Sale Price: Input the amount you received when you sold the NFT.
4. Calculate: Click the "Calculate" button to determine your gain or loss.
5. View Result: The result will display whether you gained or lost, along with the calculated amount in your chosen currency.

Buying and Selling NFTs:

NFTs, or Non-Fungible Tokens, are unique digital assets bought and sold using cryptocurrency or fiat currency on NFT marketplaces. To buy, find the NFT you want, bid, or purchase it. To sell, create an NFT, set a price, and list it for sale on a platform. Transactions are recorded on the blockchain, ensuring ownership and provenance. NFTs represent various digital or physical items, from art and collectibles to music and virtual real estate, allowing creators to monetize digital content and collectors to own unique digital assets. Always research marketplaces and the associated costs before engaging in NFT transactions.

About the Author

Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.

Article Reviewed by Ben Aronson

Ben has over 5+ years working in the finance industry. After 2 years at KPMG, he shifted into software and FinTech. Ben holds a Bachelor of Business Administration (BBA - Accounting and Business/Management) from Reichman University.