forked coin: The Taxation of Hard Forks
- 05/06/18 11:55 AM
What are the tax implications of a cryptocurrency Hard Fork? Does the holder of a cryptocurrency that undergoes a Hard Fork realize taxable income? If so, how does one determine the amount of the income and when, exactly, it is received? These are not easy questions to answer. What is a Hard Fork? A Hard Fork—sometimes referred to as a “Chain Split” or “Coin Split”—occurs when a new branch of a cryptocurrency splits off from the original cryptocurrency. The new branch shares a common history on the cryptocurrency’s blockchain (its ledger) up until the point of the split, and is thereafter maintained separately on … (1 comments)
What are the tax implications of a cryptocurrency Hard Fork? Does the holder of a cryptocurrency that undergoes a Hard Fork realize taxable income? If so, how does one determine the amount of the income and when, exactly, it is received? These are not easy questions to answer.
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