Is there tax in the Metaverse? Koinly explores

Koinly explores Feb 28, 2023 Share this article:Digital world, digital assets…. We’re teaming up with our partner Koinly to look at the potential tax implications of the metaverse. If you held it for less than a year, your short-term Capital Gains Tax rate is the same as your Federal Income Tax rate, so between 10% to 37%. That’s not the only potential Income Tax implication in the metaverse either. Unsurprisingly, the IRS and other tax offices have not yet issued any guidance on the potential tax implications of play to earn income or income in the metaverse.