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a magical action for naught

6/7/2021

 
Had a short paper under that title published this morning on Bloomberg Tax Daily. Subject the nonfungible token as the subject of a charitable gift, question is it a "collectible," for which the deduction would be limited to adjusted basis, answer no because it is not "tangible."

Attribution copy below in .pdf, also a pending submission to SSRN.
willis_-_nfts_6-7-21.pdf
File Size: 77 kb
File Type: pdf
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    the very occasional blogger

    The text here used to say,

    "In my 'day job,'  I do not often have an opportunity to articulate some of my more contrarian views."

    With the launch of the Jack Straw Fortnightly back in January 2018 that is no longer the case. This blog remains "very occasional," however, and functions primarily as a place to post news releases.

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