Crypto Hard Fork Tax Guide for New Token Income (2026)
Report crypto hard fork tax: new token income, fair market value, fork timing, and cryptocurrency split tax treatment.
Summary
Hard fork creates new taxable token. This guide explains income recognition, FMV calculation, and fork taxation.
Key Steps
- 1Understand hard fork: blockchain split creates new cryptocurrency token.
- 2Report income: new tokens taxable at fair market value when received.
- 3Determine FMV: value when tokens become accessible and tradeable.
- 4Track cost basis: FMV at receipt becomes basis for future sale.
- 5Document fork: record date, platform, amount received, market value.