NFT Loss Harvestooor - Sell your worthless NFTs - save thousands in taxes | Product Hunt
The NFT Loss Harvestooor is a smart contract and tax-savings product designed and built by the CoinLedger team. It will buy any NFT in your portfolio for 0.00000001 ETH, allowing you to realize your losses and maximize your tax refund for the year.
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This past summer, we were super frustrated with how difficult it was to legitimately dispose of worthless NFTs in order to harvest losses on these assets for tax minimization. There's no real marketplace for worthless NFTs, but investors are sitting on thousands of dollars of tax savings if they had a simple way to harvest their NFT losses.
From this pain-point, an idea was born!
So, we started working on a smart contract that would buy any NFT for a de minimis amount of ETH, thus allowing investors to lock in their losses and reduce their 2022 tax bill.
Would love to hear any feedback in the comment section. Our team will be answering any questions or comments!