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FLR and SGB Rewards at Tax Time

Updated 2026-11-10

Short answer: every FTSO reward and Flare Drop you claimed is recorded on the chain with its date, amount and the address it went to. Reward History and Tax Export reads those records for one year and gives you a CSV file for Koinly or your tax professional. How the rewards are taxed is a separate question that depends on where you live, so check with a crypto tax professional. This page is general information, not tax advice.

What counts as a reward here

  • FTSO delegation rewards: what you earned by delegating wrapped FLR or SGB to an FTSO provider.
  • Staking rewards: on Flare, the FTSO reward share for FLR staked to a validator.
  • Provider rewards: for FTSO providers, their fee and their own rewards.
  • Flare Drops: the 36 monthly FLR distributions to wrapped-FLR holders, paid from 2023 until the last one in January 2026.

Each one becomes yours on the chain only when it's claimed, by you or by an auto-claim service acting for you. Until then it sits in the reward contract, and unclaimed rewards expire after about 90 days.

Earned or claimed?

Rewards are set aside each reward epoch (about 3.5 days) and can be claimed after it ends. That gives two possible dates for each reward: when it was earned and when it arrived in your wallet.

Tax rules differ on which date matters. Our export lists each reward on the date it was claimed, when it reached the wallet, and includes the reward epoch (or Flare Drop month) in every row in case your tax professional needs the earning period instead.

FLR or WFLR?

A claim can pay out either the native coin (FLR, SGB) or the wrapped one (WFLR, WSGB), depending on how it was made. The export shows which one arrived, so your tax software matches it to the right holding. One WFLR is always worth one FLR.

The older reward contracts

Flare's reward system changed in autumn 2024. Rewards from before then were paid by older reward contracts, which were upgraded several times. The export reads all of them, so years like 2022, 2023 and 2024 are complete, as long as the explorer answers. It finds the older contracts through each network's own contract registry, so a look-alike contract can't add fake income to your list.

Get a year's list

  1. Open Reward History and Tax Export.
  2. Paste the address that earned the rewards. Nothing is connected or signed.
  3. Pick the tax year and choose Show my rewards.
  4. Download the Koinly file or the plain CSV.

Before importing into Koinly: if your wallet is already synced there, check whether the rewards already show (often as plain deposits). If they do, relabel those as rewards instead of importing the file, or the income is counted twice.

What it doesn't cover

  • Rewards still waiting to be claimed.
  • rFLR (reward FLR from Flare incentive programs), validator rewards, Merkl and other app rewards.
  • Dollar values: tax software prices each reward at its date.
  • Any auto-claim service fee: amounts are what the reward contract paid.

Do this

  1. Export each year you claimed rewards, for every address that earned them.
  2. Keep the files with your other tax records.
  3. Have a CPA or tax attorney who works with crypto review how your rewards are reported.

Getting professional help

One option is CryptoTaxAudit (cryptotaxaudit.com), a crypto tax practice founded by Clinton Donnelly of Donnelly Tax Law that prepares returns and handles IRS audits and notices. We're not affiliated with them and aren't paid for this mention. For the US basics, see How Crypto Taxes Work.