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Yep. The split was also a taxable event (income) according to the IRS.


Selling coins from the fork is the taxable event, not the folk itself.


The IRS guidance appears to contradict you.

https://www.nysscpa.org/news/publications/the-trusted-profes...

If that is really their position, it's absurd and untenable... so I'm sure we'll see further clarifications in the future. Like how are you supposed to deal with forks that you do not know about or perhaps could not possibly have had any way of knowing about?

You can avoid uncertainty, however, by selling right away.


Are you not American? Have you notified the IRS of every single Bitcoin fork and every fork of every fork?




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