How are hard forks and token splits taxed for my foreign-owned LLC?
My LLC held Bitcoin when Bitcoin Cash (BCH) was created through a hard fork years ago. I also have some tokens that went through chain splits and airdrops as part of protocol upgrades.
I never claimed the BCH at the time — it's just sitting in a wallet I have the keys for. Do I owe taxes on BCH I received from the fork? And what's my cost basis if I decide to sell the BCH now? Is it zero, or do I split my original Bitcoin basis?
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