US IRS Releases Guidance on Crypto Airdrops and Hard Forks

9 Oct 2019

US IRS Releases Guidance on Crypto Airdrops and Hard Forks

US IRS Releases Guidance on Crypto Airdrops and Hard Forks The United States' federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks.In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and airdrops.

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