@outonon
Taxation on airdrop earnings varies by jurisdiction:
Income Tax: Many countries treat airdropped tokens as taxable income at their fair market value upon receipt.
Capital Gains Tax: Selling or trading airdropped tokens may trigger capital gains tax based on the price difference between receipt and disposal.
Record-Keeping: Maintain detailed records of airdrop dates, values, and transactions.
Reporting: Include airdrop earnings in your tax returns as required by local laws.
Consult Professionals: Seek advice from tax experts familiar with cryptocurrency regulations.
Tax laws are evolving, so stay informed about changes in your region to ensure compliance.
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