# Crypto Airdrop Tax Quirks *Author: Bankless* *Published: Mar 29, 2024* *Source: https://www.bankless.com/es/crypto-airdrop-tax-quirks* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Frame-50474--10--1.png)](https://www.bankless.com/sponsor/consensus-2024-1711205526?ref=airdrop-farming-and-taxes-what-you-need-to-know&email=true) Crypto Airdrop Tax Quirks Published on Mar 29, 2024 [ View in Browser ](https://bankless.com/read/briefs) --- [**Sponsor: Consensus 2024**](https://www.bankless.com/sponsor/consensus-2024-1711205526?ref=airdrop-farming-and-taxes-what-you-need-to-know&email=true) – 10 Years of Decentralizing the Future: Discovery, Dialogue and Dealmaking [Use code BANKLESS for 20% off](https://www.bankless.com/sponsor/consensus-2024-1711205526?ref=airdrop-farming-and-taxes-what-you-need-to-know&email=true) .  .  . NEED TO KNOW Binance Exec Sues Nigeria [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Group-14--67-.png)](https://www.bankless.com/dashboard)- **👨‍⚖️ Binance exec sues Nigerian gov. **Binance's detained financial crime compliance head [is suing](https://www.theblock.co/post/285535/binance-executive-sues-nigeria) Nigeria’s National Security Adviser and the Economic & Financial Crimes Commission. - 🔎 **Google gets friendly with wallets.** The search engine has [opened up wallet address search functionality](https://x.com/Techmeme/status/1773389774113624200?s=20) to Bitcoin, Arbitrum, Optimism, Polygon and others after their previous ETH and ENS support. - ✍️ **Vitalik talks memecoins.** In his [latest blog post](https://vitalik.eth.limo/general/2024/03/29/memecoins.html), the Ethereum founder discusses memecoin controversy and some of the good being brought about by the speculative frenzy. .  .  . TODAY IN MARKETS Mantle Layers on the Gains [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-29T142934.141.png)](https://www.bankless.com/cryptos-l2-token-raceway-mantle)**📊 L2 gains.** Mantle Network’s MNT is on track to outperform all other major Ethereum rollup tokens this month! *What catalyzed a massive MNT pump this week, and can you capitalize on the opportunity?* [Read More on Bankless.com](https://www.bankless.com/cryptos-l2-token-raceway-mantle) Prices as of 3pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $2.63T ↘ 1.2% ↗ 8.2% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $69,506 ↘ 1.8% ↗ 9.2% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $3,491 ↘ 2.3% ↗ 4.8% .  .  . ANALYSIS Making Sense of Crypto Airdrop Taxes Guest Author: [ Patrick McGimpsey](https://cryptotaxcalculator.io/au/authors/patrick-mcgimpsey/) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-29T115554.150.png)](https://www.bankless.com/airdrop-farming-and-taxes-what-you-need-to-know)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. 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. 👇 [Read the Full Analysis](https://www.bankless.com/airdrop-farming-and-taxes-what-you-need-to-know) ---