<description>&lt;p&gt;Guests Nik Fahrer and Tom Haldiman return to the podcast to follow up on and take a deeper dive into nonfungible tokens (NFTs) with host Damien Martin. Here’s what they discuss:&lt;/p&gt; &lt;ul&gt; &lt;li&gt;Who are Nik and Tom? @01:15&lt;/li&gt; &lt;li&gt;What’s the significance of digital assets and where are we going with all of this? @04:48&lt;/li&gt; &lt;li&gt;Core NFT concepts and a real-world example from Beepol @14:32&lt;/li&gt; &lt;li&gt;Use cases for NFTs @29:09&lt;/li&gt; &lt;li&gt;Tax considerations of holding NFTs for appreciation @42:27&lt;/li&gt; &lt;li&gt;Estate and planning considerations @47:32&lt;/li&gt; &lt;li&gt;Buyer beware @49:22&lt;/li&gt; &lt;li&gt;Closing thoughts from Nik and Tom @53:02&lt;/li&gt; &lt;li&gt;An update on the digital asset space @54:16&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;Learn more about Nik and Tom and get additional resources with the show notes to this episode comming soon &lt;a href= "https://www.forvis.com/simplytax"&gt;here.&lt;/a&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;GET MORE SIMPLY TAX&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;We’re excited to also provide video content to strengthen your tax mind! Check it out on our &lt;a href= "https://www.youtube.com/channel/UCtqhU-qXQyv7eggouffyQ_Q/featured?disable_polymer=1"&gt;YouTube channel&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;A complete archive of our episodes is available on our &lt;a href= "http://www.forvis.com/simplytax"&gt;website&lt;/a&gt; and &lt;a href="https://www.youtube.com/playlist?list=PLv_FXYLmhFnmFwbHtJaoHPTBCHMjt150Y"&gt;YouTube playlist&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;We’d love to hear from you! Email feedback and questions to &lt;a href= "mailto:SimplyTax@FORVIS.com"&gt;SimplyTax@FORVIS.com&lt;/a&gt;.&lt;/p&gt;</description>

Simply Tax

Damien R. Martin, CPA

What's An NFT? #153

NOV 17, 202267 MIN
Simply Tax

What's An NFT? #153

NOV 17, 202267 MIN

Description

Guests Nik Fahrer and Tom Haldiman return to the podcast to follow up on and take a deeper dive into nonfungible tokens (NFTs) with host Damien Martin. Here’s what they discuss:

  • Who are Nik and Tom? @01:15
  • What’s the significance of digital assets and where are we going with all of this? @04:48
  • Core NFT concepts and a real-world example from Beepol @14:32
  • Use cases for NFTs @29:09
  • Tax considerations of holding NFTs for appreciation @42:27
  • Estate and planning considerations @47:32
  • Buyer beware @49:22
  • Closing thoughts from Nik and Tom @53:02
  • An update on the digital asset space @54:16

Learn more about Nik and Tom and get additional resources with the show notes to this episode comming soon here.

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to [email protected].