Cryptocurrency and Property Tax Problems and Issues

Description

This course covers tax issues related to property transactions including capital assets, §1231 assets, §1244 small business stock, and certain cryptocurrency issues.  

Highlights

LINK AND INSTRUCTIONS TO COME FROM AES TAX ONE DAY PRIOR TO SESSION

Objectives

After completing this course the participant will be able to:

• Identify capital assets, §1244 stock, and §1231 assets.
• Identify whether §1245 or §1250 applies to an asset.
• Apply the capital gain and loss netting procedures.
• Apply the §1231 netting procedures.
• Determine whether the five-year "look back" rule applies to a §1231 transaction.
• Explain the tax provisions related to §1244 small business stock.
• Advise clients on issues regarding §1245 and §1250 assets,
• Discuss the tax rules related to property transactions involving cryptocurrencies.
• Identify appropriate authorities for property-related transactions.