EchoChaser
Sun Sep 29 2024
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7 answers
1276
Does a 'hard fork' of a cryptocurrency result in gross income?
I understand that a 'hard fork' of a cryptocurrency involves a significant change in the protocol or code that results in two separate versions of the cryptocurrency. However, I'm wondering if this process results in gross income for the holders of the original cryptocurrency? Specifically, if I hold a certain amount of a cryptocurrency that undergoes a hard fork, would I be taxed on any gains or income resulting from the fork?
