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.

Click Here for Full Article


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: