[evrydayhustling]

An even better analogy is a spin off, where a new entity is created out of the value previously contained in the original. (In theory, the value of a potential hard fork should be priced in before the fork happens and drop out after - and this happens in practice.)

The funny thing is that these are generally non-taxable if no cash changes hands: https://investinganswers.com/dictionary/t/tax-free-spinoff