NB: course will say “Closed” until you’ve registered for the seminar.
Instructor: Kelly Lent-Paul
Final regulations require brokers to report customer sales and exchanges of digital assets to the IRS. The regulations provide specific rules
under I.R.C. § 1001 to determine the amount realized in a sale, exchange, or other disposition of digital assets. The regulations also provide specific rules under I.R.C. § 1012 to calculate the basis of digital assets. This chapter reviews the tax and reporting on digital asset transactions.
- Understand how to calculate the amount realized and basis on a sale or exchange of digital assets
- Know the due diligence requirements when preparing a return claiming head of household filing status
- Know how to exercise due diligence when preparing a return claiming the earned income tax credit
- Understand what improvements to a residence are eligible for energy credits
- Explain the eligibility rules for the new clean vehicle credit
- Know when a taxpayer can claim a credit for a previously owned clean vehicle
