Introduction to Digital Assets On-Demand Webinar

Summary

Cryptocurrency, nonfungible tokens (NFT) and the metaverse are all forms of digital assets. The IRS has special requirements for reporting income received by selling, trading and exchanging digital assets. This webinar reviews IRS regulations released to date and how to implement those regulations. We’ll also cover the nuances of the new digital asset disclosure question on Form 1040, U.S. Individual Income Tax Return.

Objectives

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

• Review IRS guidance issued to date
• Summarize how to report gains and losses from digital asset sales and trades
• Identify how to report other types of digital asset transactions
• Determine if taxpayer engaged in digital asset transactions for purposes of answering the disclosure question on Forms 1040

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.