In a recent Tax Notes article, tax associate Franziska Hertel provides commentary on the October 2019 IRS guidance that discusses two cryptocurrency hard fork situations: one in which no new currency is transferred to the taxpayer, and one in which the taxpayer receives new coins in an airdrop. As indicated in the article, Franziska recently spoke at the annual International Fiscal Association U.S. branch meeting in Boston on this topic.
Please click here to read Franziska’s insights.