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Reblogged by kornel ("Kornel"):
web3isgreat@indieweb.social ("web3 is going just great") wrote:
Attachments:
- Tax loss harvesting service emerges to help collectors unload their worthless NFTs If you bought an NFT for $1,000 and it's now worthless, you still have to find someone willing to buy it before you can claim it as a loss on your taxes. A project called "Unsellable" has emerged to fill that need—buying worthless NFTs for $0.01 (for a small fee) so that people can claim the losses. "This tool really helped me unload those embarrassing early NFT Hype investments. Should shave about $1000 off my tax bill", a supposed user writes in a testimonial blurb on the site (although the testimonials appear to be faked). Perhaps someone has finally found a viable crypto business model after all. (remote)
