<story><title>Buy, sell, send and receive Bitcoin Cash on Coinbase</title><url>https://blog.coinbase.com/buy-sell-send-and-receive-bitcoin-cash-on-coinbase-65f1b2c7214b</url></story><parent_chain><item><author>colinbartlett</author><text>So if I sell my newfound BCH today, which was birthed from thin air a few months ago, but originates from BTC I bought years ago, is it short term capital gains or long term?</text></item></parent_chain><comment><author>ohhhlol</author><text>&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;bitcoin.tax&amp;#x2F;blog&amp;#x2F;how-to-tax-bitcoin-cash-bch&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;bitcoin.tax&amp;#x2F;blog&amp;#x2F;how-to-tax-bitcoin-cash-bch&amp;#x2F;&lt;/a&gt;&lt;p&gt;What if you had no interest in BCH but you owned 1,000 BTC. Do you suddenly have a $277,000 income tax bill?&lt;p&gt;Yes, as discussed by Tyson Cross, tax attorney at BitcoinTaxSolutions.com. Since you have accession to wealth then this is taxable income.</text></comment>
<story><title>Buy, sell, send and receive Bitcoin Cash on Coinbase</title><url>https://blog.coinbase.com/buy-sell-send-and-receive-bitcoin-cash-on-coinbase-65f1b2c7214b</url></story><parent_chain><item><author>colinbartlett</author><text>So if I sell my newfound BCH today, which was birthed from thin air a few months ago, but originates from BTC I bought years ago, is it short term capital gains or long term?</text></item></parent_chain><comment><author>dahdum</author><text>Nobody knows what IRS says on the matter, but everyone I know of is treating it as a stock split with the holding period of original bitcoin . You do have to calculate an adjusted cost basis for the forked coins, at time of split (most common) or sale (sounds iffy).</text></comment>