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Taxation of Non-fungible Tokens (NFTs) (Z2-607)

100 Minutes
On demand - Video

On Demand - Video

2 CPE Credits in TX

OVERVIEW

Non-fungible Tokens (NFTs), unique, identifiable digital assets based on blockchain technologies, have become a fast-growing industry. This course will provide a background on how NFTs came into the mainstream marketplace. These materials will assist the practitioner to understand the tax implications of the creation, purchase and sale of these assets.

BENEFITS

  • Be able to define NFTs and describe how they are created.
  • Develop a working knowledge of how NFTs are recorded and transferred.
  • Determine what type of transaction involving an NFT creates a taxable event.
  • Be able to identify how NFTs are classified.
  • Discuss the current legislative environment and actions taken to regulate NFTs.
  • Become knowledgeable of current enforcement actions employed by the IRS.

HIGHLIGHTS

  • NFT basics
  • Classification of NFTs
  • Current Legislative and Policy Environment
  • Tax implications of creation, sales and exchanges of NFTs.

COURSE LEVEL

Basic

PREREQUISITES

None

INSTRUCTOR

Allison McLeod

Allison M. McLeod, CPA, LL.M., J.D.

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PRICING

$58.00 - Member

$78.00 - Nonmember

ADDITIONAL OPTIONS

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COURSE DEVELOPER

CPA Crossings