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RE: Is Bitcoin Gold Taxable in the U.S.?

in #money6 years ago

Could not one argue that, regardless of the value (or lack thereof) of a fork, it's not constructively received yet if Coinbase/Trezor/etc won't support it?

Which leads to an interesting conundrum: if you only receive it if it gets popular, then your basis will invariably be higher. But if it never gets popular, you'll never get it.

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Both coins will loose value, btc got here from a consistant reputation and the fork just shows the companies willingness to cave to pressure and change. How do you know in the future you wont be able to cash out without paying the capital gains tax in full. This will open the door for governments to legally seize btc assets from traders who cannot pay for their profit out of pocket.

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