What is taxation in NFT games?

[osamudazai]

In an NFT marketplace for game assets, the items you win by playing NFT games are considered capital gains. You will be required to pay capital gains tax on them as a result of this. When you sell the item, you will be required to pay a percentage of its value. As a result, when it comes time to file your taxes, you will need to accurately record all of your winnings and losses.

 

[bikimays]

The taxation of NFTs will fall somewhere between cryptocurrencies, which are taxed as property and have a long-term capital gains rate of 0% to 20% depending on income