wiidude32

This past summer, we were super frustrated with how difficult it was to legitimately dispose of worthless NFTs in order to harvest losses on these assets for tax minimization. There's no real marketplace for worthless NFTs, but investors are sitting on thousands of dollars of tax savings if they had a simple way to harvest their NFT losses.

From this pain-point, an idea was born!

So, we started working on a smart contract that would buy any NFT for a de minimis amount of ETH, thus allowing investors to lock in their losses and reduce their 2022 tax bill.

Would love to hear any feedback!

Here's a breakdown on the most important info in the new guidance: https://www.cryptotrader.tax/blog/new-irs-cryptocurrency-tax...

CryptoTrader.Tax (https://www.cryptotrader.tax) We started this about 15 months ago during the crypto craze and have been able to grow to over 13,000 users!

What exchanges would you like to see added? Constantly working on new additions.

The tool does, it will carry over the cost basis from previous years of trading for calculating the next year's short/long term gains.