Hidden Value in Your Dead NFTs
About this episode
The episode discusses how to turn dead NFTs into tax write-offs and covers various crypto and sports topics.
Nine years ago today, two dudes had an idea. That idea became The Bad Crypto Podcast — and 812 episodes later, we're still here. To celebrate our ninth anniversary, Joel Comm and Travis Wright are doing something useful with all those dead NFTs in your wallet: turning them into a tax write-off. Most of the NFTs we bought are abandoned, rugged, or worth pennies. But in the U.S., a crypto loss is a capital loss — and those losses can offset your gains (plus up to $3,000/year against ordinary income). Joel built a tool with Claude that scans your wallets, finds the damage, and hands you a report for your CPA. 👉 Scan a wallet FREE at https://rektwriteoff.com — this episode's sponsor. Also in this one: Stripe and Advent's ~$53B bid for PayPal and the stablecoin angle, where the GENIUS and CLARITY Acts stand, the great NFT market reset, the Spain vs. Argentina World Cup final and FIFA's $999 "Right to Buy" NFTs, plus AtomicHub/WAX going multi-chain. ⚠️ Not financial or tax advice. Joel and Travis are not CPAs or financial advisors. Talk to a tax professional before harvesting losses or burning assets. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for…
People in this episode
Hosts: Joel Comm, Travis Wright
Topics covered
- NFTs
- tax write-off
- crypto losses
- World Cup
- financial advice
- market reset
Keywords
- NFTs
- tax write-off
- crypto losses
- World Cup
- FIFA
- Stripe
- PayPal
- market reset
Sponsors
rektwriteoff.com
Mentioned in this episode
Organizations: The Bad Crypto Podcast, Stripe, Advent, PayPal, FIFA, AtomicHub, WAX
Products: NFTs, stablecoin
Places: Spain, Argentina
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