This Interim Guidance Statement is intended to provide general information related to the taxability of certain transactions involving non-fungible tokens (NFTs) and does not intend to address any exemptions, exclusions, deductions, credits, or other incentives that may apply. This statement is not intended to be comprehensive, and the Department anticipates conducting future stakeholder efforts with the goal of developing more permanent and comprehensive guidance.
This statement does not address NFTs or factual scenarios that differ from the information and examples provided below. There are many types of NFTs available today, and not all are discussed. If you have recently purchased (or sold) an NFT and your situation differs from what is discussed here, we encourage you to request a binding letter ruling to assist you in determining your tax obligations.
Source: wa.gov
