Error loading player: No playable sources found
TAX2323
Taxation of Digital Assets: Acquiring, Owning and Disposing of Crypto Assets and NFTs
Date
June 7, 2023
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from AICPA & CIMA ENGAGE 2023:
This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of AICPA & CIMA ENGAGE 2023)
Some of the tax rules for digital (crypto) assets are clear, but others are not. This session will utilize an easy to follow and useful framework to cover basic and advanced topics to help you apply your knowledge of capital gains, gifting, step-up in basis, wash-sales and more in your client conversations – and you’ll discover that whether, when and how much tax your client owes depends on whether they buy a digital asset, mine it, stake it, mint it, earn it, are given it, or obtain it via an airdrop or fork. And you thought you knew the tax code!
Learning Objectives
- Learn how crypto assets are acquired including through purchasing, receiving, earning, minting and mining.
- Learn what taxable events can occur when simply holding digital assets and when transferring and/or disposing of digital assets.
- Learn how NFTs and crypto loans are viewed for tax purposes.
- Learn the difference between being a hobbyist or a business when working with digital assets.
- Identify the top tax issues clients will be asking you about this year.
Speaker
Advisor, DACFP- Digital Assets Council of Financial Professionals
Session Categories
Related Products
Planning for a Surviving Spouse (TAX, EST)
This session will begin by analyzing the most common estate and gift tax planning techniques for the surviving spouse, such marital deduction planning, gifting to spousal lifetime access trusts, lifetime QTIP trusts, the efficacy of portability and similar planning…
Reading a Will and Trust Documents (EST, TAX, PFP)
In this fast-paced, interactive session, we’ll examine key language in a Will and trust agreement to break down the most important provisions in plain English. We’ll also explain how an when a revocable trust becomes irrevocable and the tax implications…
The New Corporate AMT
The Inflation Reduction Act includes a 15% book minimum tax, a new alternative minimum tax applied to corporate financial statement income. This course will provide a brief summary of the new CAMT, identify issues, and suggest potential client solutions…
It's All About the Basis (Part 1)
Review of numerous basis rules relevant in all the ways we deal with property - creation, acquisition, use, and disposition. Coverage will include the basis of residences, rental property, digital assets, mixed-use properties, investments, passthrough entity ownership and business entities…
