The Merge – CCA confirms that Protocol Upgrade from PoW to PoS is not a Taxable Event by PHILIPP BEHRENDT | TAXLITIGATOR - Tax Controversy (Civil & Criminal) Report

Posted by: Robert Horwitz | April 24, 2023

The Merge – CCA confirms that Protocol Upgrade from PoW to PoS is not a Taxable Event by PHILIPP BEHRENDT

The IRS Office of Chief Counsel issued Chief Counsel Advice (“CCA”) 202316008 last Friday regarding the tax consequences of holding a native token to a blockchain distributed ledger that is undergoing a protocol upgrade.

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