Airdrop (tax context) vs Cost Basis
Quick comparison to help you distinguish these two crypto terms.
Airdrop (tax context)
intermediate
fundamentals
Free cryptocurrency tokens distributed to wallet addresses, treated in most jurisdictions as ordinary taxable income at fair market value on the date they are received and accessible.
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beginner
fundamentals
Cost basis is the total original amount you paid to acquire a cryptocurrency position, including purchase price and any transaction fees, used to calculate profit or loss.
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