In line with present IRS steerage, people that obtain tokens submit laborious fork should rely them as strange earnings equal to their “honest market worth” upon receipt. This may be the second a tough fork happens for personal pockets holders or when your CEX registers them in your account for these with funds in alternate.
Given the worth is likely to be pretty excessive initially (some may even argue it ought to have the equal worth to ETH on the time of the cut up) then in all probability crater quickly after, it will appear this represents a reasonably large tax legal responsibility for present ETH holders.
Are there any plans to negate/mitigate this?
