Can you outline the precise tax treatment differences between selling NFTs at a loss versus writing them off as worthless on OpenSea
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Can you outline the precise tax treatment differences between selling NFTs at a loss versus writing them off as worthless on OpenSea
3 real searches · 1 real-search pass
IRS digital assets NFTs capital gains losses worthless property abandonment tax treatment IRS Notice 2023-27 collectiblesGoogle ↗
OBSERVED
IRS Publication 544 abandonment loss worthless property capital asset personal use property capital lossGoogle ↗
OBSERVED
IRS digital assets FAQ sale exchange capital asset transaction fees basis NFTsGoogle ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 3 queries…
Searches and sources
ChatGPT3 real searches · gpt-6
IRS digital assets NFTs capital gains losses worthless property abandonment tax treatment IRS Notice 2023-27 collectibles Google ↗
IRS Publication 544 abandonment loss worthless property capital asset personal use property capital loss Google ↗
IRS digital assets FAQ sale exchange capital asset transaction fees basis NFTs Google ↗
- Publication 544 (2025), Sales and Other Dispositions of Assets · irs.gov
- 26 U.S.C. § 165: Losses · uscode.house.gov
- When Can You Deduct Digital Asset Investment Losses · taxpayeradvocate.irs.gov
- Frequently asked questions on digital asset transactions · irs.gov
- Frequently asked questions on digital asset transactions · irs.gov
- Digital assets · irs.gov
- Publication 544 (2025), Sales and Other Dispositions of Assets · irs.gov
- 26 CFR § 1.165-5 - Worthless securities. | Electronic Code of Federal Regulations (e-CFR) | US Law · law.cornell.edu
- Notice 2023-27, Treatment of certain nonfungible tokens as collectibles · irs.gov
- Internal Revenue Bulletin: 2023-15 · irs.gov
- Summary of Federal Income Tax Changes · ftb.ca.gov
- Tax Provisions in P.L. 119-21, the FY2025 Reconciliation Law · everycrsreport.com
- 26 U.S. Code § 67 - 2-percent floor on miscellaneous itemized deductions | U.S. Code | US Law · liicornell.org
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS digital assets NFTs capital gains losses worthless property abandonment tax treatment IRS Notice 2023-27 collectibles OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS Publication 544 abandonment loss worthless property capital asset personal use property capital loss OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS digital assets FAQ sale exchange capital asset transaction fees basis NFTs OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |