Virtual Currency Transactions

Overview

According to a survey done by the Pew Research Center whose results were published in April 2023, 17% of Americans personally have invested in, traded, or otherwise used virtual currency. Additionally, the number of people investing in or engaging in transactions involving virtual currency continues to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. This course provides crucial information about virtual currency transactions, directing the tax preparer's approach to many issues associated with this growing area of the economy.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • Recognize the methods of obtaining and storing virtual currency
  • Describe how transactions involving virtual currency work
  • Understand the basic nature of blockchains
  • Apply the existing U.S. tax laws to virtual currency transactions
  • Identify when, where, and how to report taxable virtual currency events and transactions 

Tax Year: 2024

Designed For:

CPAs, Enrolled Agents, CFPs®, and other financial and tax advisors


WebCE® 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. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None