Celo.Tax
  • About Celo.Tax
  • Pricing
  • Product Guide
    • Transaction Labelling & Tax Treatment
    • Wallets
    • Settings
      • CSV Format
    • NFTs
  • Blockchain Guide
    • Celo.Tax
      • Wallet Compatibility
      • Supported Transactions
      • Supported Tokens
  • Extras
    • Contact Support
    • Newsletter / Early Access
    • Terms of Service
  • Blog
    • Top 3 Crypto Tax Mistakes
    • Income Tax Guide for Celo
    • Capital Gains Tax Guide for Celo
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  1. Product Guide

NFTs

  • The "Cost Basis" for NFTs is set when an NFT is purchased.

  • Gains are only shown when the NFT is sold from the same wallet it was purchased from

  • NFT transfers (as opposed to a sale) are ignored in FIFO gain calculations. No gain is realised.

  • For NFTs received via airdrop, the cost basis is considered 0.

  • For unrealised gains of an NFT, the market value and the cost basis are considered 0 - as the token is not tradable/liquid.

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Last updated 3 years ago

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