The amount of cryptocurrency that is taxable depends on the laws of the country or jurisdiction where the individual or business is located. In general, cryptocurrency is treated as property for tax purposes, and the rules for property tax apply.
In the United States, for example, any cryptocurrency that is bought and sold within a year is considered a short-term capital gain, and it is taxed as ordinary income. If the cryptocurrency is held for more than a year before being sold, it is considered a long-term capital gain and is taxed at a lower rate.
In the event of a hard fork or airdrop, where an individual receives new coins as a result of changes to the underlying blockchain network, the IRS considers this as a taxable event, and the fair market value of the new coins at the time of receipt must be included in the individual's gross income.
In other countries, the tax laws regarding crypto can vary. Some countries may require crypto holders to pay taxes on any gains made from the sale of crypto, while others may not tax crypto at all. It's important to check with a tax professional or consult the tax laws in your jurisdiction to get a clear understanding of how crypto is taxed.
In general, it's important to keep accurate records of all crypto transactions, including the date of purchase, the purchase price, and the date and price of any sale. This information is needed to calculate the capital gain or loss, which is used to determine the tax liability.
In conclusion, the amount of crypto that is taxable depends on the laws of the country or jurisdiction where the individual or business is located. In general, cryptocurrency is treated as property for tax purposes, and the rules for property tax apply. It's important to consult with a tax professional and check the tax laws in your jurisdiction to get a clear understanding of how crypto is taxed.