Tax implications of any possible Ethereum fork.

If that's the case you would still have a loss you could use to offset your other tax liabilities.

ie/ Fair market value @ $150 - let's say your total tax owed on it is $30. Later when you sell it at $0 you would have a capital loss of $150. Assuming everything else remains the same with your tax situation, it would probably reduce your taxes owed by the same amount, ~$30 in this case.

That said, I still think the other guy is right though. The fair market value at inception should probably be $0 since there is no trading history and there will likely be limited trading volume and therefore low liquidity (for at least a couple days/weeks/months).

/r/ethereum Thread Parent