If and when you do sell a piece at a gain you’ll get the favorable capital gain treatment. With considerably more justification than it has taxing forks, the IRS considers marketing giveaways to be ordinary income. Your new possession has a basis of $9,800 and any gain or loss from that point is a capital gain or loss. If she sells at less than $11,000, she has to use $11,000 as her basis, reducing the capital loss that she can claim. You could run into a problem here if you have multiple positions in bitcoin, bitcoin futures or bitcoin options.

Source: Forbes February 09, 2020 14:53 UTC