You may have to report transactions with digital assets such as cryptocurrency and non fungible tokens (NFTs) on your tax return. If you're concerned about filing taxes on your digital assets, please feel free to speak with a tax attorney at Travis Watkins Tax.Accounting for crypto assets is a challenge for modern businesses. Here we discuss the best practices and answer commonly asked questions. This report provides an overview of the cryptocurrency tax regime and offers guidance to estate planners navigating this complex and rapidly evolving landscape. Travis Kling is the founder of Ikigai Asset Management, and on today's State of the Nation, we're tackling the biggest trade of the year. In September 2020, following the instructions from Onyeachonam, posing as Representative B, Investor B purchased bitcoin in his crypto asset. Your cryptocurrency assets are held in your Bakkt account. Learn how to draft sale agreements to try to avoid IRS challenges to the purchase price of closely held business interests.