If your cryptocurrency went through a hard fork followed by an airdrop, you'd have to report it as ordinary income. The amount of income you'd report is equal to the fair market value of the new cryptocurrency when it's received and the transaction is recorded (provided you have dominion and control over the cryptocurrency so you can transfer, sell, exchange, or otherwise dispose of it). @ChuckyS
You can report it all as one line item for the total amount of ordinary income. However, you are going to want to keep detailed records. When you sell or exchange the crypto later, you will need to know the basis to calculate your gain or loss at that time. The FMV that you are including in income becomes your tax basis in those cryptos.
How do I report earnings or losses from Bitcoin and other cryptocurrency? If you ''earned the crypto'' or someone paid you in crypto in exchange for self-employment services or goods, that income would be reported as Self-Employment income. Airdrops and hard-forks of new currency are treated as ordinary income which is entered in the Less Common Income section.
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