Course Description

Participants will explore the significance of asset classification (ordinary vs. capital), the impact of new broker reporting requirements, and the specific identification (spec ID) and FIFO methods for digital assets. The course also covers best practices for maintaining accurate books and records in compliance with the new regulations, with a particular focus on contemporary selection for tax reporting. Designed for tax professionals, accountants, and financial advisors, this course equips participants with the knowledge needed to navigate the evolving landscape of crypto taxation effectively.
Screengrab from course video

This course fulfills CPE objectives.

After this course, learners should be able to:

  • Identify the key tax considerations and recent regulatory updates affecting the reporting of digital assets.

  • Explain the significance of asset character (ordinary vs. capital) in determining tax treatment for digital assets.

  • Discuss the implications of the new IRS regulations on broker reporting and basis tracking for digital assets.

  • Analyze the impact of the recent Treasury regulations on specific identification (spec ID) and FIFO methods for digital assets, especially in self-custody scenarios.

  • Evaluate best practices for maintaining accurate books and records in compliance with new crypto tax regulations, including the use of contemporary selection for tax reporting.

Course curriculum

    1. EDAS 2024 Session Replay

    2. CPE Review Questions

    1. CPE Qualified Assessment - Pass this assessment to earn CPE!

About this course

  • 3 lessons
  • 0.5 CPE Credits (Tax)
  • No prerequisites

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Other CPE Info

  • Program Level

    Basic

  • Preparation

    A basic understanding of digital assets

  • Delivery

    QAS Self Study

BitAlpha, Inc. (Sponsor ID #148962) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.