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NFT Taxes
Updated: Feb 2026 • Educational overview (not tax advice)

NFT taxes: what to track (and why reports break)

NFT activity often runs through marketplace contracts and includes multiple fee types. If your tool misses part of the flow, it can misstate proceeds, fees, or even create “phantom” gains. Here’s the simple way to think about it.

Get NFT Report Help → Go to Crypto Tax Hub → Common mistakes →

What to track with NFTs

  • Mint costs (plus gas/fees)
  • Purchase price (plus marketplace fees)
  • Sale proceeds (net of fees, royalties)
  • Royalties (for creators, where applicable)
  • Wallet transfers between accounts (should match)

Why NFT tax reports go wrong

  • Missing wallets → unknown cost basis and broken chain of ownership.
  • Marketplace contract activity not parsed cleanly by generic tools.
  • Fees/royalties not applied consistently.
  • Bridging NFTs creates unusual send/receive patterns.

Prep checklist (NFT collectors/creators)

  • Include every wallet you used (mint wallet, trading wallet, cold wallet).
  • Match transfers so moves don’t appear as disposals.
  • Review fee treatment so proceeds and costs are accurate.
  • Fix unknown cost basis before exporting any forms.
How to file → Compare options → Clean my NFT history →

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Not tax advice. Educational purposes only.

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