Yield farming in Spain: rewards and LP token taxation
Depositing (LP token mint): NOT a taxable event (deposit classification).
Receiving rewards (UNI, CRV, SUSHI, etc.): Capital income at market value when received. That value = acquisition cost.
Auto-compounding (Yearn, Convex): Income recognized when position withdrawn in practice.
Withdrawing (LP token burn): Difference between received and deposited value = capital gain/loss.
Impermanent loss: Automatically reflected in gain/loss calculation. Not a separate tax event.
Curve/Convex complexity: Multiple simultaneous rewards (CRV, CVX, 3CRV) require careful tracking.
kointax imports wallet history and classifies yield farming events automatically.