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HomeCrypto Airdrops and Taxes: When You Receive Free Tokens and What the IRS Expectscrypto airdrop taxes

Tag: crypto airdrop taxes

Crypto Tax Basics

Crypto Airdrops and Taxes: When You Receive Free Tokens and What the IRS Expects

Airdrops are not free money. The IRS treats them as ordinary income when received. Here's how to report them correctly.

Harry Shurek

The Crypto Accountant provides crypto tax preparation, accounting, transaction reconciliation, audit support, and full-service tax help for individuals and businesses dealing with complex digital asset activity, messy records, and high-stakes reporting issues.

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The Crypto Accountant
  • Home
  • Services
    • Crypto Tax Preparation
    • Transaction Reconciliation & Cleanup
    • DeFi & NFT Tax
    • Mining & Staking Tax
    • Audit Defense & IRS Notices
    • Crypto Business Services
    • Prior-Year Crypto Tax Cleanup
    • Full-Service Tax Preparation
  • Crypto Scam Help
  • Blog
  • About us
  • Contact
  • Client Portal
Metaverse Office