Reporting Bitcoin Cash

Reporting Bitcoin Cash

On August 1, 2017 Bitcoin Cash split from Bitcoin.  Each investor that owned Bitcoin on or before the split received Bitcoin Cash in an amount equivalent to their current Bitcoin holdings.  Investors who were fortunate enough to receive the cryptocurrency for free must report it on their 2017 tax return as income.

Click here for more info.

By |June 18th, 2018|Categories: Accounting & Bookkeeping, Business Tax, Individual Tax|Comments Off on Reporting Bitcoin Cash

About the Author:

Kevin is a Staff Accountant at Bregante + Company LLP