Take the biscuits out of the container and separate into 8 biscuits.

Using a 1 1/4 inch circle cutter, cut a hole in the middle of your donut.

Preheat the air fryer to 360.

Brush the bottom of the biscuit with vegetable oil, and set 3 donuts in the air fryer at a time, leaving space in between them.

Heat in the air fryer for 4 minutes, and remove them with a metal spatula.

While donuts are cooking, whisk together 1 Tbsp melted butter, 2 Tbsp eggnog, 3/4 cup powdered sugar, and 1/8 tsp nutmeg until fairly smooth.

Once the donuts are done in the air fryer, dip them into the eggnog glaze.

Air fryer donuts are best enjoyed warm, straight out of the air fryer.