Save Thousands in Taxes by Selling Your Worthless NFTs
Unlock Instant Liquidity for NFT Tax-Loss Harvesting
🔒 Verified & Audited Smart Contract for Your Peace of Mind
🌐 Low-Cost Bulk NFT Transactions
🧾 CPA-Ready Receipt Delievered to Your Inbox
This is not tax advice. Please consult with a tax professional as every tax situation is different.
Gary Vee could lower his capital gains for the year by up to
$3,805,693
by harvesting his NFT loss!
CryptoPunk #2140
Purchase Price: $3,953,216.00
Estimated Value: $147,523.00
Justin Bieber could lower his capital gains for the year by up to
$1,236,672
by harvesting his NFT loss!
Bored Ape #3001
Purchase Price: $1,301,550
Estimated Value: $64,878
Logan Paul could lower his capital gains for the year by up to
$623,000
by harvesting his NFT loss!
K4M-1 #03
Purchase Price: $623,000
Estimated Value: $10
How It Works?
1. Connect Your Wallet
2. Select NFTs to Sell
3. Verify Collections
4. Sell Your NFTs
5. Get Official Receipt
Check Your Tax Savings
Check potential tax savings this year by leveraging UnsoldNFTs to offset your NFT losses.
Enter the number of NFTs you want to sell and the total amount paid to estimate your overall loss.
Select the anticipated Federal + State tax rate, and presto! Get your potential tax savings!
For personalized tax advice and savings estimates, consult with your CPA.
This is not tax advice. Please consult with a tax professional as every tax situation is different.
Frequently Asked Questions
We support NFTs on the Ethereum blockchain (ERC-721 + ERC-1155). Other blockchains coming soon!
You just cover the gas and a small service fee of 0.001 ETH per NFT.
If you bought your NFT for more than $0.01 then selling it to UnsoldNFTs will likely qualify for a Tax Write-Off. This Write-Off can potentially reduce your taxes for the current year, and if not utilized, it can be carried forward to decrease future tax obligations. The impact of this Write-Off on your current tax bill is influenced by various factors like income, capital gains, and additional expenses that contribute to your overall tax burden. As each individual’s tax situation is unique, we recommend consulting with a tax professional to determine the optimal strategy for optimizing your specific tax scenario.
You can sell up to 500 NFTs in for each transaction. If you need to sell more 500 NFTs just start a second transaction!
You will receive roughly $0.01 in ETH for each NFT you sell – based on the current exchange price USD – ETH. You will get a receipt at the end of your transaction to show your capital losses to your accountant or enter the loss into the your tax software.
The sold NFTs will be part of the UnsoldNFTs collection. We cannot guarantee that you will be able to buy your NFT back after selling, because that would prevent your sale from counting as a tax deduction. We do this to ensure that your sale is legitimately a true “arm’s length transaction”, and to avoid any conflict of interest that would come from providing future economic benefit to the seller.