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Notice defined convertible virtual currency as property for US tax.
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Cryptocurrency Mining Tax Guide - Expert Explainsconstructive receipt of income during staking activities. The Staking refers to holding specific cryptocurrencies for a designated period to. However, the revenue ruling doesn't discuss how value is to be determined by the constructive receipt of an airdropped crypto asset that isn't. The IRS has recently released guidance stating that the receipt of cryptocurrency from a hard fork or airdrop is taxable upon receipt. A fork is a split of a.
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