The Merge – CCA confirms that Protocol Upgrade from PoW to PoS is not a Taxable Event by PHILIPP BEHRENDT
Posted by Hochman Salkin Toscher Perez P.C. Posted on Monday, April 24, 2023
The IRS Office of Chief Counsel issued Chief Counsel Advice (“CCA”) 202316008 last Friday regarding the tax consequences of holding a native token to a blockchain distributed ledger that is undergoing a protocol upgrade.