Gain a practical understanding of cryptocurrency taxation, digital-asset transactions, cost basis, capital gains and losses, reporting considerations, and tax issues associated with activities such as mining, staking and cryptocurrency exchanges.
Cryptocurrency and other digital assets have created new opportunities as well as important tax considerations for individuals and businesses. Understanding how these assets are treated for federal tax purposes is essential when cryptocurrency is purchased, sold, exchanged, received as payment, mined, staked, or otherwise used in transactions.
This webinar provides a practical overview of cryptocurrency and digital asset taxation, beginning with the fundamentals of virtual currencies, cryptocurrencies, blockchain technology, stablecoins, and other types of digital assets.
The session examines how cryptocurrency is treated for federal tax purposes and explores the tax consequences that may arise from different types of digital asset transactions. Participants will learn about taxable gains and losses, cost basis, short-term and long-term capital gains, and the importance of maintaining appropriate transaction records.
The program also addresses tax considerations associated with cryptocurrency received for goods or services, mining, staking, farming, cryptocurrency exchanges, and cryptocurrency-to-cryptocurrency transactions.
In addition, the webinar discusses federal reporting considerations, including reporting cryptocurrency transactions in U.S. dollars, Form 8949, and Form 1099-DA, along with practical examples designed to help participants better understand the relationship between digital asset transactions and tax reporting.
Whether you are a tax professional, financial professional, business owner, investor, or individual involved with digital assets, this session provides a practical foundation for understanding the tax concepts associated with cryptocurrency transactions.
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr….
