Declaring Your Bitcoin Cash: The Tax Implications from Cryptocurrency Hard Forks

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Declaring Your bitcoin Cash: The Tax Implications from Cryptocurrency Hard Forks

In August of last year, bitcoin Cash forked from the bitcoin blockchain. This process basically splits bitcoin into two separate coins: bitcoin (“BTC”) and bitcoin Cash (“BCH”). When this occurred, everyone who held bitcoin in a compatible wallet or exchange became entitled to claim an equivalent amount of bitcoin Cash. At the time of writing … Continued

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