What are transaction tags?
Transaction tags categorize various cryptocurrency transactions for tax and reporting needs. This guide can be used as a reference for transaction tags and the associated taxable implications.
To understand how to use transaction tags, see How to use transaction tags.
Tag Definitions
Staking reward a transaction that is a staking reward
Mining reward a transaction that is a mining reward
Airdrop a transaction that was received in an airdrop
Fork a transaction that was received as the result of a fork
Payment a transaction that was received as a payment for a good or service
Interest a transaction that is interest income
Other Income defines any other type of reward received. (Example: Coinbase Learn rewards)
Gift a transaction that was sent as a gift
Lost a transaction that cannot be recovered
Donation a transaction that was donated to a charity
Margin means the trade occurred in a margin wallet (separate from a spot trading wallet)
Margin fee indicates a payment to execute a margin transaction
Margin gain indicates a profit earned on settling a margin trade
Margin loss indicates a loss from settling a margin trade
Margin rebate indicates a fee refunded for a margin transaction (the opposite of a margin fee)
Rebate indicates a refund received from a previous purchase (Example: Cash back credit card reward)
Stake indicates entering a staking position (liquid or illiquid) where you receive a representation token that can be traded, transferred, or utilized in other waysUnstake indicates exiting a staking position (liquid or illiquid) where you return a representation token back and receive the original staked asset
Wrap trading a native cryptocurrency for its wrapped equivalent or a wrapped token for its native cryptocurrency equivalent
Borrow receiving a loan
Loan repayment indicates a payment towards a loan
Interest expense indicates a payment towards the interest of a loan
Tax Impact of Transaction Tags
| Tag Name | Taxable event or Non-taxable event | Relevant transaction types |
Staking reward |
Taxable | Receive |
Mining reward |
Taxable | Receive |
Airdrop |
Taxable | Receive |
Fork |
Taxable | Receive |
Payment |
Taxable | Receive |
Interest |
Taxable | Receive |
Other Income |
Taxable | Receive |
Gift |
Non-taxable | Send |
Lost |
Non-taxable | Send |
Donation |
Non-taxable | Send |
Margin |
Taxable | Buy, Sell, Trade |
Margin fee |
Taxable | Send |
Margin gain |
Taxable | Receive |
Margin loss |
Taxable | Send |
Margin rebate |
Non-taxable | Receive |
Rebate |
Non-taxable | Receive |
Stake |
Taxable, Non-taxable* |
Liquid: Trade, Mint Illiquid: Send |
Unstake |
Taxable, Non-taxable* |
Liquid: Trade Illiquid: Receive |
Wrap |
Taxable, Non-taxable* | Trade |
Borrow |
Non-taxable | Receive |
Loan repayment |
Taxable | Send, Trade |
Interest expense |
Taxable | Send |
*Non-taxable is a configuration setting. We are not recommending users set these transactions as non-taxable.
It is important to note that the tax implications of transactions can be complex and vary depending on various factors, such as your tax jurisdiction, the nature of the transaction, and the amount involved. CoinTracker calculates your tax liability based on the transaction types, tags and other factors.
We recommend consulting a tax professional for advice tailored to your circumstances. To connect with a tax expert, visit CoinTracker Connect.