Crypto airdrops
Taxable
Is A crypto airdrop Taxable?
Short answer: Yes: airdropped tokens are income at fair market value when you can access them.
Hard forks with no new coins received aren't income.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B23-01646
low risk
Crypto airdrops
Taxable
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Yes: airdropped tokens are income at fair market value when you can access them.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes: airdropped tokens are income at fair market value when you can access them. Hard forks with no new coins received aren't income.
Category
- Personal Tax Deductions
personal deduction
search demand 2026 b23
losses
investments