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Cryptocurrency Q&A Are airdrops taxed as income?

Are airdrops taxed as income?

Isabella Isabella Thu Sep 12 2024 | 5 answers 1219
I'm curious to know, are airdrops considered taxable income? As a cryptocurrency enthusiast, I've received a few airdrops in the past and I'm wondering if I need to report them on my tax returns. Can you clarify the tax implications of receiving airdrops and what steps I should take to ensure compliance with tax laws? Are airdrops taxed as income?
airdrops taxed income

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