THORChain (RUNE) Tax Guide
THORChain taxes: trading, liquidity provision and capital gains in Europe.
How is THORChain taxed?
THORChain (RUNE) follows standard European cryptocurrency tax rules. Every sale or trade of RUNE generates a taxable capital gain or loss. THORChain's cross-chain swaps and liquidity pools create unique tax scenarios.
Liquidity provision and cross-chain swaps
Providing liquidity on THORChain generates rewards from swap fees paid in RUNE, taxable as income upon receipt. THORChain's impermanent loss protection may have its own tax implications. Cross-chain swaps via THORChain are treated as crypto-to-crypto trades, each generating a taxable event.
How Taxes Crypto handles THORChain
Taxes Crypto imports your RUNE transactions from supported exchanges, tracks liquidity provision rewards, and calculates your capital gains using your country's official tax method.
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