An NFT airdrop is when free digital tokens are distributed to wallet addresses. For tax purposes, it is generally treated as ordinary income based on the fair market value at the time of receipt. Our team can help you determine and report this correctly.

Yes, transactions on OpenSea or any NFT marketplace are typically taxable events. You must report sales and may need to track cost basis. We can help organize and report your OpenSea activity accurately.

You should keep records of purchase dates, amounts, sale prices, and transaction fees. Records of airdrop receipts and their values are also important. Our service helps you assemble and review these records.

The cost basis generally includes the purchase price plus any associated fees, such as gas fees. The method can vary depending on the specific transaction and platform. We analyze your activity to determine the correct basis.

Absolutely. We offer proactive guidance to help you understand the potential implications of your activities. We analyze your patterns on NFT marketplace platforms and help you plan strategically for upcoming tax seasons.