Stating Your Bitcoin Cash: Tax Implications from Cryptocurrency Hard Forks

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Declaring Your Bitcoin Cash: Tax Implications from Cryptocurrency Hard Forks

In August of in 2014, Bitcoin Cash forked from the Bitcoin blockchain. This procedure primarily divides Bitcoin right into 2 different coins: Bitcoin (” BTC”) and also Bitcoin Cash (” BCH”). Every person that held Bitcoin in a suitable pocketbook or exchange came to be qualified to declare a comparable quantity of Bitcoin Cash when this took place. At the time of creating

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