UNSELLABLE NFTs
@unsellablenfts
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Following
2,129
Media
214
Statuses
2,089
Buying worthless NFTs in bulk, so you can harvest your losses at . Sell up to 500 NFTs at a time. Not Financial Advice / DYOR
United States
Joined September 2022
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Pinned Tweet
Have a worthless JPEG? Don't forget to harvest it before the end of the year.
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We're on a mission to create the world's largest collection of worthless NFTs.
How does it work? It's simple, we will instantly buy any ETH NFT for $0.01 so you can tax loss harvest your losses before the end of the year.
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@motoboatn
Thanks for the kind words.
We were frustrated ourselves as NFT investors that we couldn't even realize our losses from rugs, due to illiquidity.
We realized there are 23M other NFT investors in the same boat, and are here to unlock tax savings for a large portion of them!
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Selling your worthless NFTs can add up!
See how
@NFTommo
tax loss harvested $57,695 using
@wgmiio
&
@unsellablenfts
!
Video Here:
#NFTs
#NFTCollector
#Taxlossharvesting
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My accountant going through my 36,742 NFT trades that netted out to a $27 net loss
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@TroyLindsey22
accurate. only problem is, they aren't even going for a couple bucks, cause no one wants 'em.
except for us, that is.
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@TragikDesign
haha! well, it seems to us that we are helping people lemonade out of bs lemons
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My accountant reviewing my “conservative” NFT investments that lost “only” 87%
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@spader_mac
True story. You realize your loss. Our service fee pays for smart contract verification and security.
We take your worthless jpegs and put em in the
#unsellablecollection
- soon the be the World’s Largest Collection of (worthless) NFTs
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“Yeah, all my NFTs are down 99% since I bought them. But I actually have this sick tax loss harvesting strategy that will basically help me make my money back. It’s pretty complicated so you wouldn’t understand it, but it’s all about knowing the tax code.”
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Your accountant when you show him your massive NFT losses
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Me explaining my tax loss harvesting strategy for all my worthless NFTs to my accountant
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Me making 200% on crypto this year after my family said it was a “stupid” investment
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The year is 2021.
Every NFT you bought is up 50% in the last 2 hours. You’re browsing Lambos to purchase. You have no idea what tax loss harvesting is.
Life is good.
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Food $250
Rent $1,250
Electricity $100
Car payment $300
NFTs bought in 2021 $195,000
Coffee $12
Can someone who is good at budgeting help? My family is struggling
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NFT traders, remember: Your next trade will probably be even worse
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Happy Tax Day, folks! 💸 We hope you saved big on your tax bill by harvesting those NFT losses.
Nothing like turning digital lemons into sweet sweet tax savings!
#Unsellable
#TaxDay
#CryptoTaxes
#NFTs
#Taxlossharvesting
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@Niftwithole
Happy to answer any questions you have. We've spent so much time with tax attorneys at this point!
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Not sure who Charles is, but he created an NFT project called CharlesDAO with 998 pictures of himself.
We are now the proud owners of this one...
#NFTs
#WhoisCharles
#NFTcollectors
#Web3
#Crypto
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Please be careful everyone. I had 5 worthless NFTs in my car, and someone broke the window and left 12 more
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@TragikDesign
no rehyping. we just want to build The World's Largest Collection of (worthless) NFTs!
Plus we think investors should be able to at least realize their losses, so they don't have to pay for em twice.
we've helped investors harvest over $5m in losses so far, and we just started
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I bought over 400 NFTs last week 🤓
Here are the best and worst NFTs I collected while saving NFT holders a ton on their taxes.
#NFTs
#NFTCommunity
#NFT
#TaxLossHarvesting
🧵 👇
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@AaronWo62591828
@motoboatn
lots of NFTs sold for high prices in 2020 and 2021 as the bubble grew. there are significant unrealized losses out there, waiting to be unlocked through a transaction
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@TragikDesign
def not a charity. we charge a small service fee to use the platform, although that really just covers platform maintenance, smart contract security and audits.
we are hoping the collection becomes valuable someday. that's the real play. but it's speculative, and very long term
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@awilkinson
The entire market is way, way, WAY down 📉
For those left holding the bag, Unsellable NFTs will buy anyone's worthless NFTs to help them score the tax write-off.
(P.S. we were mentioned on
@myfirstmilpod
!)
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@JoyPlaysUke
@TragikDesign
Thanks! Honestly, it’s mostly just for the fun of it. We love the idea of building this huge collection, kind of like a microcosm of/ museum exhibit of the initial bubble
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@crushnpud
Don't worry - we've got a whole fleet.
23,400 collected so far. 100,000 by Jan 1st is the goal!
Tell your friends!
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Like this post if you own an NFT that’s down 90% or more since you bought it
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@SoCalDave2900
thanks! we think so! it's rare a business in this space offers such obvious, straight-forward value.
23 million people out there still holding worthless NFTs. we'll buy em, you take the write off, and we'll keep building the World's Largest Collection of (worthless) NFTs
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Me explaining how the NFTs I purchased and lost 99% on still have an intrinsic value because of the community behind them
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@FlourideBois
@zReze_
@TheShyWhiteMage
@AaronWo62591828
@motoboatn
The way we make money is by charging a small fee!
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@SgtKOnyx
why sell them? so you can realize your losses and get the write off for your taxes.
why are we buying worthless NFTs? To build the World's Largest Collection of (worthless) NFTs!
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My CPA when I come prepared with all my NFT tax loss harvesting taken care of
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Me selling off a worthless NFT for $0.01 to lower my tax liability by $310
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Let’s say you bought a bunch of NFTs in 2021 or ‘22
Now they’re down 99% or more
You’re sitting on huge losses, and no buyers on OpenSea or Blur
Solution: We'll buy them for $0.01 each so you can write off your losses (consult a CPA)
Check the link in our bio for more info
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NFT investing tip: If your spouse asks how those NFTs you invested in are doing, just mumble “fine” and quickly change the subject
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FWIW there are basically no royalties to pay when you are selling your NFTs for $0.01 and a tax write-off.
@opensea
#NFTartist
#NFTcommunity
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Me finally selling my worthless NFTs on Unsellable for $0.01 to realize the losses for my 2023 taxes
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PSA: ONLY 2 DAYS LEFT to Harvest your losses on that rugged NFT collection!
#NFTs
#NFTFam
#NFTCommunity
#Taxlossharvesting
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#cryptowinter
poetry, courtesy of
@spacekayak
:
“Wen the winter of
#Crypto
befalls the masses,
Feareth not the silver-eating giant bear,
Don’t alloweth thy hands up till thy tribe advances...
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Except Unsellable! We'll give you $0.01 so you can take the L and save on taxes.
Do it now - only 2 days left to Tax Loss Harvest those worthless NFTs and get your write off!
#NFTs
#NFTCommunity
#TaxLossHarvesting
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@ThatBloodyPinko
nearing 22k NFTS... hoping to get to 100K by Dec 31st!
you can check it out here -
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Update! We’ve created ~$100k in deductions (best estimate) by helping investors harvest over 4,500 worthless NFTs!
Let’s help more investors save before the ball drops!
Upvote us on Product Hunt and help us spread the word!!
#NFTs
#Taxlosshavesting
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Proper end of year tax planning can save you a world of stress and financial burden. Take the time to plan for your taxes, and reap the rewards of peace of mind and financial stability.
#Taxes
#NFTs
#Investing
#Taxlossharvesting
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@Marco20307855
@SgtKOnyx
we built it because we were frustrated that we couldn't realize the losses from the rug pulls we had sitting in our wallets. we realized we could help others unlock their tax savings, all well building the worlds largest nft collection. win-win
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When was the last time you treated yourself to a big bowl of your favorite childhood cereal?
I'm personally a
@captaincrunch
fanatic
CEREAL
#4517
by Cereal Club
@cerealclubnft
#TheUnsellableCollection
#NFTs
#Web3
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When investing in NFTs, you learn more from failure than success.
#Web3
#NFTCommunity
#NFTs
#nftarti
̇st
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The Just Because Award: Mallard
#3614
from the
@JustMallards
Collection.
Purchased for $0.01
Who doesn't want a duck with a frog on its head...
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At the beginning of the year, all the haters told me that we wouldn’t see Bitcoin hit $100k in 2024 and my NFTs wouldn’t come back.
Turns out, they were right. Gotta hand it to them.
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NFTs > Powerball
In the
#NFT
lottery, you can at least sell your worthless NFT for $0.01 and get a tax write-off.
#Powerball
#NFTs
#taxes
#web3
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Founder social accountability is a requirement I have before buying into a new NFT project.
It doesn't 100% prevent a rug, but it sure helps.
#Web3
#Crypto
#NFTs
#NFTinvestor
#nftcommunity
#rugged
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People are out here making 10,000% in a day on BONK Coin and I’m just sitting her waiting for a 1% rally in NFTs
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@TheRealHrr4
@spader_mac
Yikes. Heard of tax fraud? We created Unsellable to help people avoid doing sketch tactics like this.
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Well, you probably did procrastinate. You are still sitting on a few worthless NFTs, huh?
The good news is that it's not too late - sell 'em to Unsellable now, and get your tax write off before the clock strikes 12!
#NFTs
#TaxLossHarvesting
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2021: NFTs are my retirement plan
2023: NFTs are my tax loss harvesting plan
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My family said that those ‘NFT things’ would never work out
Well guess what? I’m up 25% in the last 3 days
Just another 500% rally and I’ll be in the green!
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The year is 2023. You are sitting on massive NFT losses. You sell those NFTs at a loss and realize the losses, allowing you to write off other gains on your taxes.
That’s the post. This isn’t a meme.
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Is selling your worthless NFTs worth it? 🤔
We have a potential tax savings calculator to help you better understand the value of those rugged NFTs💰
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We are in the news again - this time its
@NFreeman1234
for
@VanityFair
covering our work helping NFT investors harvest their losses. The Unsellable Collection - now 16k NFTs strong!
#artcollector
#nfts
#nftart
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There is no tomorrow. At least not for 2022 tax moves.
If you haven't tax-loss harvested your worthless NFTs, today is your last chance!
#justdoit
#newyearseve
#NFTcommunity
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Happening now!
@accounting
dropping NFT / Crypto tax knowledge! Come by the
@NFT_NYC
satellite event at 91 E 3rd St, New York, New York, 10003
#nfts
#taxes
@gordonlawltd
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GM to everyone who has at least one rugged NFT in their wallet.
#NFTs
#NFTCommunity
#NFTFam
#NFTartists
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Unsellable is going to unlock $600 million+ in unrealized losses.
Finally, liquidity for the 23M investors stuck holding worthless, illiquid NFTs in their wallets.
Get ready.
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@CG12_Locks
users pay a small service fee to use the platform, which helps pays for smart contract audit and maintenance.
@dirtypancakes01
is right - on the off chance something regains value in the future, we might sell it. but it's very unlikely
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My accountant after having to figure out all my NFT tax loss harvesting and crypto wash trades
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"This collection as an artifact of a moment in the history of both digital art and economics."
@outland_art
is our new favorite platform for the intersection of art, tech, and NFTs. Big thanks to
@briandroitcour
for sharing The Unsellable Collection with the world!
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@CeSquaredd
@Niftwithole
That's accurate. When you bought them really doesn't matter. What matters is that you sell in this fiscal year (before dec 31) to create a taxable transaction. in this case, the taxability of it is realizing your loss
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There are HUGE tax-savings opportunities this year for
#NFTinvestor
, even if your
#NFTs
are worthless and illiquid.
Join us Live on Wednesday - Crypto Tax Law experts
@accounting
+
@gordonlawltd
will talk through how to optimize 2022
#TaxPlanning
by harvesting your losses now.
Tax-loss harvesting is the best way to take advantage of your losses in the bear market!
Join us and
@unsellablenfts
as we break down some strategies for NFT creators.
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Do you still talk to the person who introduced you to NFTs?
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Ouch. Stuck with some worthless NFTs? We'll gladly take them off your hands with our instant NFT liquidation tool.
BREAKING: FLOOR PRICES OF THE TOP 7 $ETH NFT COLLECTIONS (BY 24H SALES VOLUME) ARE ALL DOWN DOUBLE DIGITS (24H)
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27 days left in 2022.
Don't sleep on the power of NFT tax loss harvesting.
By offloading those worthless NFTs before the end of the year, you can save big on your taxes. Don't miss out on the opportunity to maximize your savings.
#Taxlossharvesting
#NFTs
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Have NFTs that didn't live up to the hype? It's not too late to put them to work at
@unsellablenfts
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Harvesting your
#Crypto
#NFT
losses is just as much psychology as it is math.
#Taxlossharvesting
#Taxes
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Savvy NFT investors are using the bear market to save thousands in taxes. 🤯
Offloading rugged / worthless NFTs for $0.01 each before year-end can net massive savings 💰
I'll break down why and how here. 🧵 👇
#NFTs
#NFTInvestor
#NFTartist
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The Unsellable Collection is now home to 2,436 different NFT collections.
Here are the top 5 most Unsellable 🧵
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