Free Tool
Airdrop Tax Calculator
Estimate income tax on crypto airdrops. See if airdrops are taxable in your country.
Airdrops taxed as ordinary income at fair market value when received (10-37% based on income bracket).
Your Airdrops
How Airdrop Taxes Work
Income at Receipt
When you receive an airdrop, it's typically treated as ordinary income. The taxable amount is the fair market value (FMV) at the moment you gain control of the tokens.
Cost Basis Established
The FMV at receipt becomes your cost basis. This is crucial for calculating capital gains if you later sell. Higher cost basis = lower future taxes.
When You Sell
Selling triggers a second tax event. You'll pay capital gains tax on any profit above your cost basis. Some countries offer lower rates for long-term holdings.
Common Airdrop Tax Questions
Are all airdrops taxable?
In most countries, yes. When you receive tokens with value, tax authorities consider it income. However, some countries like Singapore, UAE, and Hong Kong don't tax crypto airdrops for individuals. Always check your local rules.
What if the airdrop was worthless when received?
If the token had zero market value when airdropped (no trading pairs, no DEX liquidity), you may have zero income to report. However, you'd also have a zero cost basis for future sales.
Do I need to claim airdrops to be taxed?
This varies by jurisdiction. In the US, you're taxed when you have "dominion and control" - meaning you can access and sell the tokens. Unclaimed airdrops sitting in a smart contract may not be taxable until claimed.
How do I find historical airdrop values?
Tax software like Awaken automatically detects airdrops and records the FMV at the time of receipt. This saves hours of manual research and ensures accuracy.
Received Multiple Airdrops?
This calculator is great for estimates, but if you've received airdrops across multiple wallets and chains, you need proper tax software to track them all.
Awaken automatically detects airdrops across 100+ blockchains. Start free.