This is a huge damn deal for the #NFT space.

You’ve got 15 days to report this information on Form 8300 and violation of 6050i is a felony.

A Felony for selling NFTs, because digital asset is now concerned as “cash” for this provision. Insane.

— James Yochum, CPA, LSSGB (@JTheAccountant) November 6, 2021