IRS releases tax guidance on Hard Forks and Airdrops

IRS releases tax guidance on Hard Forks and Airdrops

The IRS has published new guidelines for taxpayers who use cryptocurrencies. This contains guidance that specifically addresses two questions about the taxation of assets that were obtained after the hard fork and as a result of an airdrop. According to the ruling, it is obvious that a taxpayer does not receive any gross income after a hard fork, which maybe not be the case in an airdrop.

Simone
Simone
Katharine
Katharine 6 months

What's a hard fork?

Binx1
Binx1 6 months

IRS, these thief's.. they tax income, sales, people property, state, everything. yard sales. crypto, originally was to be curancy; free from gov. its not just "a dark web" thing.

Top in Crypto
Get the App