Tax
Oct. 23, 2019
IRS issues guidance on hard forks and airdrops
This month, the Internal Revenue Service issued its first guidance on the taxation of cryptocurrency in five years. Revenue Ruling 2019-24 addresses the taxation of “hard forks.” The IRS also issued a set of FAQs that address virtual currency transactions for those who hold virtual currency as a capital asset.
Roger Royse
Founder
Royse Law Firm
149 Commonwealth Dr, Ste 1001
Menlo Park , California 94025
Phone: (650) 813-9700
Email: rroyse@rroyselaw.com
Roger works with companies ranging from newly formed tech startups to publicly traded multinationals in a variety of industries.
This month, the Internal Revenue Service issued its first guidance on the taxation of cryptocurrency in five years. Revenue Ruling 2019-24 addresses the taxation of “hard forks.” The IRS also issued a set of FAQs that address virtual currency transactions for those who hold virtual currency as a capital asset.
If you held bitcoin through a wallet (like Coinbase) in 2017, you would have logged into your account one day to find a new c...
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