Yield farming has complex tax treatment in Spain. Complete guide on how to correctly declare rewards.
Farming rewards received: Capital income at market value on receipt (taxed when received, not when sold)
Selling farming tokens: Capital gain = sale price - acquisition cost (market value at receipt)
Auto-compounding: Each reinvestment may = receipt event (capital income) + new acquisition
Koinly detects some DeFi rewards but doesn't classify under Spanish capital income rules. kointax auto-classifies farming rewards with correct IRPF boxes.
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