Uniswap v2 issues a fungible LP token for a pool share; v3 issues an NFT for a position with a specific price range. The tax question for both is whether providing liquidity is an exchange.
The form of the receipt does not change the analysis, but it changes the records. v2 LP tokens are fungible and can be tracked as lots; v3 NFTs are unique positions that are closed and reopened on every rebalance. Fees are income in both; v3 fees must be claimed, which fixes the income date.
Same principles, different frequency. v3 positions generate more events because rebalancing closes and reopens them. Neither is a collectible NFT for tax purposes.
Source: No IRS guidance as of September 2026; IRS Notice 2014-21 (property treatment)
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
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