@curitisdequincey
Tax treatment varies by jurisdiction, but many tax authorities treat airdrops as taxable events. Common frameworks classify received tokens as ordinary income at the fair market value upon receipt or when the recipient obtains constructive receipt. If tokens are vested, taxable events may occur at unlock or when tokens become transferable. Subsequent sales typically trigger capital gains or losses relative to the recognized cost basis. Compliance best practices include documenting snapshot dates, claim transactions, and the token’s USD value at receipt. Recipients should consult a tax professional familiar with crypto in their country, as rules and reporting obligations differ and can evolve rapidly.
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