worthless NFTs. Save thousands in taxes
We buy your illiquid NFTs so you can write off the losses on your taxes.
THE NFT LOSS HARVESTOOOR
"good luck with
that tax bill"
"ha, I can save
thousands by selling
my worthless NFTs"
write off losses
than make money
losses. Never taking
tags @IRS whenever someone
tweets about their gains
How it works?
When you dispose of your NFT for less than you acquired it for, you recognize a capital loss that can be used to reduce your taxable income for the year. This is a tax-savings strategy known as tax loss harvesting.
Maximize your tax refund for the year
Reduce your taxes by selling your depreciated NFTs and claiming the losses.
Time to Harvestooor your losses, Logan.
Logan Paul could lower his capital gains for the year by up to $623,000 by harvesting his NFT loss!
Ape into tax savings
If you have capital gains in 2022 from selling cryptocurrency, stocks, a house, or any other capital asset, you can offset these gains by strategically selling assets like NFTs at a loss. Depending on your personal situation, this could lead to thousands, if not tens of thousands in total tax savings.
What if I have a NET capital loss?
If you have more losses than gains across all of your assets in a given year, then your net capital losses can reduce your ordinary income by up to $3,000. The rest of your losses will be carried forward to future years.