A smart contract and website to tax loss harvest your worthless NFTs
The tax rate you pay on NFTs can differ depending on your unique situation. Here’s what buyers, sellers & creators need to know.
A smart contract and website to tax loss harvest your worthless NFTs launched on December 5, 2022 with 23 votes, #1,103 of 3,688 launches that month and more than 75% of that year's launches. The site was still online in September 2026, 3 years on.
In plain words
This smart contract and website helps NFT holders claim tax deductions on their worthless digital assets. Users can connect their wallets and harvest losses from NFTs that have declined in value, generating documentation for tax purposes. The platform is designed for cryptocurrency investors and NFT collectors looking to offset capital gains through tax loss harvesting strategies on their underperforming digital collections.
written from the facts on this page · September 2026
From the sources
Unfortunately, there isn’t a simple answer to that question. The tax rate that you pay can vary depending on multiple factors such as how long you held your NFT and how the price of your NFT has changed since you originally received it. We know that trying to navigate all of this can be complicated. So in this guide, we’ll break down everything you need to know about NFT taxes as a buyer, a seller, or a creator. We’ll also walk through four simple strategies that can help you reduce your NFT tax liability. NFT stands for non-fungible token. It’s a fancy term for a unique digital asset that’s verified by blockchain technology. An NFT may be a JPEG, an MP4, or even a GIF. Each NFT comes with…from nftlossharvestooor.com
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