It is important that you understand the tax implications of various Decentralized Finance (DeFi) protocols along with several tax advantages that may be utilized.
This handy guide by our friends at TokenTax completely details how taxes work for crypto lending, interest, loans, cTokens, and tokenized assets: Token Tax Guide
Note that Zerion Inc and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any DeFi transaction.
We are prioritizing automated transaction exporting directly from your Zerion interface for tax calculations, stay tuned! 🎉