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Collecting and Reporting Cryptocurrency Data

Collecting and Reporting Cryptocurrency Data
IRS Program #: X9QQU-T-00871-22-S
CTEC #: 6257-CE-0082
CE: 2 IRS credits
Speaker: Tynisa Gaines, EA

Many professionals have realized that they have clients that has used some sort of cryptocurrency. This class will make sure professionals know which questions to ask, and what those answers mean. It will explain how to do some basic calculations for cryptocurrency transactions and where those items appear on the tax returns.

Learning Objectives:

  • Probe clients when they indicate they have cryptocurrency
  • Interpret the answers the clients give regarding their cryptocurrency transactions
  • Apply tax knowledge to cryptocurrency reporting requirements
  • Create tax return forms to appropriately report cryptocurrency transactions