Are Airdrops Taxable? The Two Moments That Usually Matter
Many regions treat an airdrop as two potential taxable events: income at the value when you receive it, then a capital gain/loss on the difference when you later sell. Rules vary by country, but the "value at receipt" cost basis matters almost everywhere. Here is the general logic and what to record (not tax advice).
Many regions treat an airdrop as two potential taxable events: income at the value when you receive it, then a capital gain/loss on the difference when you later sell. Rules vary by country, but the "value at receipt" cost basis matters almost everywhere. Here is the general logic and what to record (not tax advice).