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Deposit Classification

Hobby or (self-employed) business activities for tax reporting purposes?

Why classifying deposits?

Automatic classification of deposits

Standard classification – acquisition at fair value

Account transfers – linking of deposits and withdrawals

Over the Counter – Purchases that do not take place on exchanges

Hard Fork – Coins you received from Hard Forks

Lending – Interest on the lending of coins

Staking – Income from participation in the Proof of Stake consensus

Airdrops – Coins you received from Airdrops

Mining – Coins that you have received through private mining

Margin Trading – Coins that you have earned through profits from Margin Trades

ICO – Coins you have received from participating in an Initial Coin Offering

Automatic classification of deposits – linking account transfers

Masternode – Coins you have earned by operating a Masternode

Bounties – Coins you received from Bounties

Swaps – Coins you received from tokenswaps

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