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If you’re an NFT seller, understanding the sourcing rules for NFT sales tax is essential to ensure compliance and avoid any unexpected tax liabilities.
In this video, we provide a comprehensive overview of NFT sales tax sourcing rules and break down the key concepts that every seller needs to know. Join us as we explore the differences between destination-based sourcing and origin-based sourcing, and how they impact NFT transactions.
We discuss the challenges faced by sellers in determining the correct sourcing for their sales and acquiring customer address information.
Additionally, we delve into the various factors that influence sourcing, including marketplace facilitator laws, nexus thresholds, and the location of the buyer. By watching this video, you’ll gain a clear understanding of the rules and regulations surrounding NFT sales tax sourcing, empowering you to navigate the complex landscape of tax compliance with confidence.
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DISCLAIMER: The information contained herein is for informational purposes only and not to be construed as financial, legal or tax advice.
