šØ Got the $PENGU Airdrop? Uncle Sam Says Hi š
Free money? Not quite. Hereās what you really need to know:
1ļøā£ Airdrop = Income. Yep, the IRS sees it as taxable income the moment it hits your wallet.
2ļøā£ Selling = Capital Gains. If $PENGU flies higher after the airdrop and you sell, the profit gets hit with capital gains tax.
š” Pro Tip:
Track your ācost basisā (value when you got the airdrop) and sale price. Trust us ā you donāt want to guestimate this during tax season.
Tools we built like Kryptos Tax @KryptosConnect make it easy to stay compliant without pulling your feathers out.
Donāt let taxes sneak up on your $PENGU. Fly high, but stay in the clear!
Got questions? Drop them here.