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Tax Rules and Reporting of Virtual Currency Webinar

Summary

Bitcoin, Litecoin and Ethereum are types of cryptocurrency, which is an internet-based exchange medium to conduct financial transactions. Cryptocurrencies are considered very secure because they use strong cryptography to verify the transfer of assets. This webinar reviews what cryptocurrency is and how to report it. The IRS has special requirements for trading cryptocurrency and for taxpayers selling or exchanging virtual currencies. We’ll also cover the nuances of the new virtual currency disclosure question on the Form 1040.

Objectives

Upon completion of this course, you will be able to:

  • Identify the types of cryptocurrencies and the way they work
  • Correctly report income from cryptocurrency
  • Correctly report gains and losses from cryptocurrency
  • Identify the pitfalls of cryptocurrency

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.






   

Presented by: Amy Wall, EA, MBA

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