Realized vs Unrealized gains

Koinly Support
1

Describe the problem: When an NFT is sold in crypto, does any profit automatically count as a capital gain, even if it hasn’t been converted in to USD/USDC or withdrawn in any way?

**Which exchange/wallet is this regarding?**Metamask- ETH

How did you import data into this wallet?

What have you tried to fix this so far?

2

Hey there @Coneydog

This would depend on the country where you file taxes.

But yes in most countries, a profit/loss calculation is triggered anytime you dispose of a crypto asset.

An NFT is a crypto asset so if you sell this for a profit, you will realise gains.