RT @udiWertheimer: Big question that arises from the new IRS guidance that I didn't see anyone else ask:
When a fork happens, how does the IRS determine which side of the fork is the one that's "recorded as an airdrop"?
IRS could say that BTC was airdropped on BCH holders and collect 15x more tax https://t.co/njK5eTN2kY
Take note WRT pushing contentious changes through the pipeline, you may create a tax liability for yourself and manymembers of your community if the contentious split results in two valued chains: https://t.co/O6AY58Eqqz
#33kByJuly3018Moku //not_giving_away_ETH\\ - @CarpeNoctom1 year ago
Yep, but at least they clarified that you can use specific identification accounting for tax calculations.
It's still a little muddled. Hopefully there is some clarification from crypto-CPAs soon.