This guide covers bridging and transaction linking transactions and the default tax treatments.
What is bridging?
Bridging in crypto is the process of transferring assets between different blockchain networks. Crypto bridges are applications that allow different blockchain networks to communicate with one another and exchange assets and information.
Categorizing Linked and Bridge transactions in CoinTracker
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From the transactions page, select two eligible transactions to bridge or link
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Select Link Transactions from the menu on the bottom.
NOTE: If you do not see the "Link Transactions" option it means the transactions are not eligible to link.
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A confirmation message will appear with the bridge or link details.
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Select Update.
Tax Treatment of Bridge and Linked Transactions
Transfers and bridges are non-taxable.
Tax Treatment of Linked Transactions
Linked transactions are taxable.