Digital Asset Overview and Form 1099-DA

2 CPE for AFSP, EA, CFP®, CPA, CRTP  

​

More and more taxpayers own digital assets like cryptocurrency. In this session, we review how to identify taxable events involving digital assets, calculate gains and losses on the disposition of digital assets and comply with the reporting requirements for digital asset transactions. We also examine recent regulatory developments and the new Form 1099-DA, Digital Asset Proceeds From Broker Transactions.    

Objectives
Upon completion of this session, you will be able to:

• Identify types of digital assets 

• Accurately report various digital asset transactions on the individual's tax return 

• Summarize the information reporting requirements under the final regulations 

• Identify which units of a digital asset were sold, disposed of or transferred 

• Determine the basis of digital assets in each wallet or account 

​

CPE information
Duration: 100 minutes
Course level: Update
Prerequisite: Basic understanding of individual income taxation
Advanced preparation: None
Delivery method: Group Live