Hidden Value in Your Dead NFTs
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Hidden Value in Your Dead NFTs
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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 privacy information.
