bekilrader1989
A24. When you receive cryptocurrency from an airdrop following a hard fork, you will have ordinary income equal to the fair market value of the new cryptocurrency when it is received, which is when the transaction is recorded on the distributed ledger, provided you have dominion and control over the cryptocurrency so that you can transfer, sell, exchange, or otherwise dispose of the cryptocurrency. Sign up for our developer newsletter. PayPal USD is backed by secure and highly liquid assets. Buy, sell, hold, and transfer it in our app and on our site. Or use the convert feature to buy the cryptos we support. Fees apply.4 © 2025 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
