My foreign-owned LLC received crypto airdrops — are these taxable income?
My LLC's wallet received several airdrops this year: a governance token airdrop from a DeFi protocol I had used, a promotional airdrop from a new project, and some tokens I didn't even want from a random spam airdrop.
Are all of these taxable? The governance tokens are worth about $3,000, but the spam tokens are basically worthless. I didn't do anything to "earn" these — they just showed up in my wallet. How does the IRS treat airdrops for a foreign-owned LLC?
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