How is buying/selling security tokens handled in US taxes? Specifically Nexo Tokens.
Is it just treated like buying/selling any other Crypto, ie BTC?
Are dividends paid out taxed similar to Crypto interest earned?
Are there any special requirements to hold them, similar to holding a security?
How is buying/selling security tokens handled in US taxes? Specifically Nexo Tokens.
Buying is not taxable. Selling is taxable.
Is it just treated like buying/selling any other Crypto, ie BTC?
Correct.
Are dividends paid out taxed similar to Crypto interest earned?
Correct.
Are there any special requirements to hold them, similar to holding a security?
No.