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Practical Digital Asset Reporting
IRS Program #: X9QQU-T-00968-23-O
CTEC #: 6257-CE-0146
CE: 2 IRS & 2 CTEC credits
Speaker: Matt Metras, EA
A practical investigation into how to properly report cryptocurrency transactions for taxpayers that don't have 3rd party information returns, as well as those that do. We will review general cryptocurrency taxation and guidance and then apply that knowledge in an interactive exercise. We will take a group of raw crypto transactions, identify the taxable events and reportable income and populate a 1040 with them. We will utilize crypto tax software to create a completed 8949 from source documents.
- Review general cryptocurrency taxation
- Be able to identify and categorize raw transactions.
- Be able to evaluate positions with unclear guidance.
- Be able to produce a completed 1040 from raw crypto data.