This additional article, on the cryptocurrency tax site, bitcoin.tax, cites a beginning price of $277, rather than $266. The historical chart doesn't have great granularity, so they may well have a better point on the initial price. They then explain the two confusing and opposite methods for accounting for this taxable "distribution". The first involves declaring the $277 * X BTC = $Y,YYY.YY as income, and the second method discusses declaring a zero value for the BCC, and then paying the 100% gains when it is actually sold. Unfortunately, the IRS has issued no guidance on this.
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