{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/63f861e47d8147e6921389f142acbbb9\" frameborder=\"0\" width=\"1672\" height=\"1254\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1254,"width":1672,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1254,"thumbnail_width":1672,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/63f861e47d8147e6921389f142acbbb9-11c1248032d5155f.gif","duration":166.6747,"title":"Understanding Bridging on Awaken: Tax Implications and Settings 🌉","description":"In this video, I walk you through how bridging works on Awaken, including the default behavior of treating it as a taxable event, which is the most conservative approach. I explain that when you transfer assets like ETH from one blockchain to another, it is treated as a sale on the original chain, resetting the cost basis on the new chain. If you prefer a non-taxable approach, you can adjust the settings in our advanced tax features to carry over your cost basis. I also highlight the automatic pairing of tokens across different platforms and encourage you to reach out for any discrepancies. Please consult with a tax advisor to understand your specific liabilities."}