<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/63f861e47d8147e6921389f142acbbb9&quot; frameborder=&quot;0&quot; width=&quot;1672&quot; height=&quot;1254&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>1254</height><width>1672</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>1254</thumbnail_height><thumbnail_width>1672</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/63f861e47d8147e6921389f142acbbb9-11c1248032d5155f.gif</thumbnail_url><duration>166.6747</duration><title>Understanding Bridging on Awaken: Tax Implications and Settings 🌉</title><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.</description></oembed>