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Declaring Your Bitcoin Cash: The Tax Implications from Cryptocurrency Hard Forks

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In August of last year, Bitcoin Cash forked from the Bitcoin blockchain. This process basically splits Bitcoin into two separate coins: Bitcoin (“BTC”) and Bitcoin Cash (“BCH”). When this occurred, everyone who held Bitcoin in a compatible wallet or exchange became entitled to claim an equivalent amount of Bitcoin Cash. At the time of writing

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The post Declaring Your Bitcoin Cash: The Tax Implications from Cryptocurrency Hard Forks appeared first on CCN

 

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