Assets created on Bitcoin by inscribing data on individual satoshis (Ordinals and inscriptions) or issuing fungible tokens through the Runes protocol.
Inscriptions are treated like NFTs: property, taxed on sale, with the collectible question open for art-like inscriptions. Runes are fungible tokens like any other. Because inscriptions ride on specific satoshis, moving them requires care not to spend the inscribed sat as ordinary BTC, which would be a disposal of the inscription at whatever the recipient values it.
Yes. They are property, taxed on disposal, and art-like inscriptions may be collectibles subject to the 28 percent maximum rate. Runes are ordinary fungible tokens.
Source: IRS Notice 2023-27 (NFTs as collectibles, look-through analysis)
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
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