1. CSW splits 500k coins to isolate BTC 2. 500k BTC transfe…
1. CSW splits 500k coins to isolate BTC
2. 500k BTC transferred to Ira
3. If taxable income is realized when
the taxpayer exercises dominion
and control over the chain-split coins
-Who owes this tax bill?
-How do you expect this tax bill to be funded?
Replies
I suspect if CSW owes tax for splitting and Ira owes tax for inheriting, there could be a race to dump BTC for both parties.
He will have to sell for fiat $ as i don´t believe they will accept Bitcoin as payment!