Coin Center: US court to decide if untouched forked coins are taxable income
- —IRS argues private-key possession alone means actual receipt of forked coins
- —Rogovy says he never accepted or knew of most forked assets beyond some Bitcoin Cash
- —Coin Center notes Bitcoin Gold wallet software was unavailable right after the fork
- —A 2019 IRS ruling left unclear when inaction counts as receiving income
Why it matters: The ruling will determine whether third parties can create taxable income for bitcoin holders without their action.
Source: Coin Center