United States:
IRS Says Cryptocurrency Revenue Ruling ‘Speaks For Itself'
11 March 2020
Ropes & Gray LLP
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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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