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IRS Clarifies Guidance on Hard Fork Transactions, Offers None on Promotional Airdrops

By Pallav Raghuvanshi on April 24, 2020

Posted in Featured, Hard Fork Transactions, Tax

The IRS recently clarified its guidance in Rev. Rule 2019-24, noting that taxpayers must pay income tax on new coins they receive after a transaction in which one cryptocurrency…
Continue Reading IRS Clarifies Guidance on Hard Fork Transactions, Offers None on Promotional Airdrops

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Greenberg Traurig’s global Blockchain & Digital Assets Group comprises more than 100 attorneys across multiple legal disciplines in key financial hubs around the world, providing a centralized approach to blockchain and digital asset matters. We leverage our diverse experience to advise clients on matters ranging from token structuring, fund formation, investment strategies, financial regulation and registration, international tax planning and structuring, stable coins and asset-backed digital assets, infrastructure applications, technology licensing and development, mining, securities compliance, cryptocurrency exchanges and trading, and blockchain-as-a-service.

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