Classification of Bridges

Hello again :blush:,

How is a bridge correctly classified? For example if I change BNB.RUNE to ETH.RUNE or wrapped BTC to native BTC or vice versa. It should not be a taxable event, right? If it’s a taxable event, is it classified by an OTC transaction or Swap?

Kind regards,
Aui

Here is the breakdown of classifications: Crypto Tax Classifications : Accointing AG
Here is how you are taxed per classification: https://www.accointing.com/the-hub/?s=classifications&id=3300&post_type=post

The way I personally handle it is when you wrap it, that is an internal transfer. Because it is the same coin with the same value. See here.