Making Sense of Crypto Airdrop Taxes

By now, I think everyone knows that the tax man is aware of your cryptographically secured coins and wants a slice of your gains.

Given it is tax season in many countries around the world, we know this time of year can be particularly stressful for crypto natives. The U.S. individual filing deadline is fast approaching, so we’ll focus on the IRS rules in this piece. However, given that many tax authorities treat crypto in a similar way, this will still be relevant for everyone.

Towards the end of 2023, the new meta was pretty obvious: airdrop farming. Let’s look at some of the pitfalls of airdrop taxes, how to file your crypto taxes, and some tips to avoid getting rekt by the tax man. 👇