Expert Take
Are there any pitfalls in NFT taxation according to the current U.S. laws?
Sam Handwerger is a full-time lecturer of accounting, tax and fraud topics at the Smith School of Business at the University of Maryland, College Park. He is a practicing CPA with the Maryland-based CPA firm Handwerger, Cardegna, Funkhouser & Lurman, where he specializes in various areas of taxation. Previously, Sam was a senior tax researcher with Ernst & Young in New York City and later led the tax planning and preparation departments of Handwerger, Cardegna, Funkhouser & Lurman. Before joining the Smith School on a full-time basis, Handwerger held adjunct positions at the Johns Hopkins University School of Business and the University of Baltimore Law School.
Are there any pitfalls in NFT taxation according to the current U.S. laws?