tax on NFTs is happening for the first time in us history

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In July, Washington became the first American state that adds NFTs to the list of properties subject to tax.

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Buying goods involves Sales taxes but a "use tax" is applied on state tax returns where no sales tax has been paid.

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In 2021 about $17bn are estimated in NFT transactions worldwide by NonFungible.com.

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Taxing NFTs is a complicated process because it is not measured by physical address, but through transfers through digital wallets.

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Still, confusion is going on between different US states. Some States believe that NFTs and other digital assets are taxable..

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and some believe they are not taxable.
32 states, such as Texas, and Washington have a rule about paying taxes for digital products.

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