I have farmed some coins on Binance, and not sure if (and to what degree) they are regarded as a taxable event. Not sure what tag to use on Koinly, can anyone help pls?
Thanks in advance
I have farmed some coins on Binance, and not sure if (and to what degree) they are regarded as a taxable event. Not sure what tag to use on Koinly, can anyone help pls?
Thanks in advance
Not tax advice, but I treat farming the same as staking - see https://help.koinly.io/en/articles/4928636-staking
Thanks so much, that answers my question!
I tag them all as Reward which will classify them as income.