Transcript

Announcer: Here’s today’s Tax Tip – with Lisa Goldman, Partner and International Practice Leader at Berdon Accountants and Advisors.

Lisa: An NFT, or non-fungible token, is a certificate that entitles the holder to certain rights associated with a digital asset. These assets come with tax implications that will likely be governed by general tax principles. The impact will depend on whether you sell, trade, create, or invest in the asset—making it essential to document all NFT transactions for tax purposes. Helping clients plan for the unexpected is what we do at Berdon. We develop customized strategies that help preserve our clients’ wealth and reduce their overall tax liability. If you’re a high-net-worth individual investing in digital assets, let Berdon help protect you, your family and your business.

Announcer: Today’s Tax Tip is brought to you by Berdon Accountants and Advisors. Visit Berdon LLP dot com. That’s b-e-r-d-o-n-l-l-p dot com. Berdon Accountants and Advisors. We listen. We solve. We do.