Taxation of Digital Assets: New Form 1099-DA, Final Regulations TD 10000, Abandoning Crypto Investments
Recording of a 110-minute CPE webinar with Q&A
This webinar will examine the latest IRS rules and positions on the taxation of cryptocurrency and other digital assets. Our panel of cryptocurrency taxation professionals will review recent regulations, Revenue Rulings, and guidance issued by the IRS and provide insights into tracking basis, abandoning worthless cryptocurrency investments, and calculating gains and losses on these investments.
Outline
- Taxation of digital assets: introduction
- Current guidelines
- Reporting gains and losses
- Tracking basis
- Staking rewards
- New Form 1099-DA
- Abandoning worthless digital assets
- Other considerations
Benefits
The panel will cover these and other critical issues:
- New Form 1099-DA and reporting requirements
- Final regulations (TD 10000) for reporting gains and losses from digital assets
- The IRS' position on abandoning worthless cryptocurrency investments
- Recommendations for tracking basis in digital assets
Faculty
Ryan Babiak, CPA, MST
Partner
Anchin Accountants and Advisors
Mr. Babiak, CPA, MST, is a Tax Partner and member of the firm’s Professional Services and Technology Groups. He... | Read More
Mr. Babiak, CPA, MST, is a Tax Partner and member of the firm’s Professional Services and Technology Groups. He brings more than 15 years of experience in public accounting to the firm. Mr. Babiak specializes in strategic tax planning, tax compliance, and state and local tax matters for entrepreneurial, venture capital and private equity-backed businesses ranging from start-ups to growing and established technology companies. He works closely with founders, advising them on tax strategies and complex equity and debt considerations. In addition, Mr. Babiak specializes in working with blockchain and digital assets, SaaS, e-commerce, and consumer product companies.
Close