IOTA (IOTA) Tax Guide
IOTA taxes: trading, staking and capital gains in Europe.
How is IOTA taxed?
IOTA is taxed like any other cryptocurrency in Europe. Every sale or trade of IOTA generates a taxable capital gain or loss. IOTA's transition from the Tangle to smart contract capabilities has expanded the scope of potential taxable events.
Staking IOTA and Shimmer airdrops
IOTA staking events have distributed Shimmer (SMR) and Assembly tokens as rewards. These airdrops are taxable as income at the time of receipt. The value of the received tokens at distribution constitutes the taxable income and the cost basis for future sales.
How Taxes Crypto handles IOTA
Taxes Crypto imports your IOTA transactions from supported exchanges, tracks staking rewards and airdrop distributions, and calculates your capital gains using your country's official tax method.
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