Washington becomes the first US state to tax NFTs.


    In July, Washington state added NFTs (non-fungible tokens) to the list of things that are subject to its sales and use tax. It was the first U.S. state to do so, but it probably won’t be the last.

    Sales taxes are paid on all purchases of goods or services by consumers and businesses. A use tax is added to state tax returns when no sales tax has been paid, such as for goods and services from out-of-state vendors, and the amount is equal to the sales tax in the state where the items were sold.


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