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nFT sale tax implications — update in comments

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

Hypothetical question

I'm dealing with a situation and need some guidance.

NFT sale tax implications. I've been dealing with this for about 4 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but did not get a clear answer.

Has anyone been through something similar? What worked for you?

Illustrative response

If you lost funds in a rug pull, document everything: transaction hashes, wallet addresses, screenshots of promises made by the team, Discord/Telegram messages. The FBI's IC3 takes crypto fraud reports.

nFT sale tax implications — update in comments

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