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A comment on The senatorial governance of Bitcoin: making (de)centralized money. Parent comment

Re:The senatorial governance of Bitcoin: making (de)centrali... by AlexCoventry on Tuesday January 07, 2020 @12:04AM (#21977048)
Yep. The split was also a taxable event (income) according to the IRS.
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Re:The senatorial governance of Bitcoin: making (de)centrali... by nipponese on Tuesday January 07, 2020 @12:24AM (#21977169)
Selling coins from the fork is the taxable event, not the folk itself.
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Re:The senatorial governance of Bitcoin: making (de)centrali... by nullc on Tuesday January 07, 2020 @06:21AM (#21978946)
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.

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Re:The senatorial governance of Bitcoin: making (de)centrali... by kain_niak on Wednesday January 08, 2020 @03:35AM (#21989555)
Are you not American? Have you notified the IRS of every single Bitcoin fork and every fork of every fork?
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