September 2025

Tax Reporting Complexity: How to Correctly File Hyperliquid Liquidations, Funding Payments, and Airdrop Income for IRS Compliance

A US trader closes a leveraged position on Hyperliquid's decentralized exchange after two weeks of funding payments, realizes a gain, then receives HYPE tokens from the November 2024 airdrop. The trader now faces a practical problem: which forms does each activity require, how should cost basis be calculated, and what documentation prevents an audit? The question is not academic. The IRS has explicitly...

Compare listings

Compare