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To manage tax risks of airdropped tokens, keep detailed records of all airdrops received, noting the date, value, and type of tokens. Stay informed about your country’s tax regulations regarding cryptocurrencies. Consult a tax professional for guidance on how to report airdropped tokens. Consider the tax implications before claiming or selling airdropped tokens. Use reliable valuation methods to determine the fair market value of the tokens at the time of receipt. Regularly review and adjust your tax strategy as regulations evolve.
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