@d36528r79

Long-term holding of airdropped tokens creates a two-part tax event. First, upon receipt, you owe income tax on the token's fair market value. Second, when you eventually sell, you incur capital gains tax on the difference between the sale price and the value when received. If held for over a year (in many jurisdictions), you may qualify for a lower long-term capital gains rate. However, the initial income tax liability remains, requiring careful planning to avoid a significant tax bill without having sold the asset.

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