Tax treatment of airdrops varies by jurisdiction. In the US, airdrops are taxed as ordinary income upon receipt (IRS guidance), with capital gains applying upon disposal. The UK taxes airdrops as income if received for services, otherwise only capital gains tax applies on sale (HMRC). Australia treats most airdrops as income at fair market value, followed by capital gains tax on disposal (ATO). Canada typically taxes airdrops as capital gains when sold, not as income upon receipt. Germany considers airdrops tax-free upon receipt, with capital gains tax if sold within a year. Always consult local tax laws or a professional, as rules depend on specific circumstances and jurisdictions.
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I just collected "Farcaster: Lion"
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Love is when you care for each other deeply, even in the little things.
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