![]() It's really helpful to use our Getting Started Guide before reviewing your transactions. Tag as swap: If a coin has exchanged its symbol or name, use the swap tag, as this is tax free.Koinly calculates all this on your behalf, so there's only one exchange tag you may need. Trades are sometimes taxed ( depending on where you live), buys are never taxed and sells are always taxed. Trading crypto for crypto, buying crypto with fiat and selling crypto for fiat are exchanges. In most countries, rewards are subject to Income Tax. Tag as reward: This tag can be used to mark any deposits you receive as a reward, for example staking rewards.Received from pool: Use this tag to mark the capital you originally sent to a pool, not any rewards from it.Tag as mining: Most countries treat mining as a form of income and apply Income Tax.Tag as fork: Just like airdrops, new coins from a fork may be subject to Income Tax.Tag as income: Crypto income is subject to Income Tax, not Capital Gains Tax - just like any other salary.Many countries apply Income Tax to interest. ![]()
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