Virtual Currency Transactions and Form 1040Code: 25-VIRTUAL

Price: $39.00
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Course Details

38 pages
Course description and objectives:

According to a survey done by the Pew Research Center whose results were published in November 2021, 16% of Americans indicated they personally have invested in, traded or otherwise used virtual currency1. Additionally, the number of people investing in or engaging in transactions involving virtual currency continue to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. It's to provide that awareness that Tax Treatment of Virtual Currency was written.

Learning Objectives
Upon completion of this course, you should be able to:

  • After completing this course, students should be able to:
  • recognize the methods of obtaining and storing virtual currency
  • describe how transactions involving virtual currency work
  • understand the basic nature of blockchains
  • apply the existing U.S. tax laws to virtual currency transactions
  • identify when and where to report taxable virtual currency events and transactions

Category: Taxation

CPE credit: 2 Hours

Program Level: Update

Prerequisites: None

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase


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