Non-fungible tokens are a unit of data stored on a block chain, which certifies a digital asset to be unique. This program discusses the current thinking in proper tax treatment of these assets, based on rules for self-created intangibles and crypto-currency.
· Define Non-Fungible Tokens (NFT)
· Broaden your understanding of non-fungible tokens
· Understand the IRS position on reporting NFTS
IRS 2 CE/NASBA 2 CPE
Advanced preparation: Assumes basic knowledge of taxation of capital assets and awareness of cryptocurrency.
Chester, New York based John Sheeley, EA began his career in the tax industry in 1987, passing the IRS special enrollment exam in 1995. His career includes 13 years as a multi-unit franchisee of a national tax firm and 5 years as a tax manager at...