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At least for USA exchanges, only Bitcoin Cash has a marketplace so it's the only one I tracked. I put a cost basis of $0 at the time of fork, and paid short ter
by dahdum 9y ago
At least for USA exchanges, only Bitcoin Cash has a marketplace so it's the only one I tracked. I put a cost basis of $0 at the time of fork, and paid short term capital gains on the sale.
- crazypyro 9y agoCould you argue that the cost basis of your bitcoin was changed because BCH is similar to a stock dividend that is reinvested?
- dahdum 9y agoMaybe, but I've read CPA advice on just declaring as income. Seems to be the most conservative approach and didn't change the tax substantially for me.