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Webinar: Dealing with the New Virtual Currency Question on Form 1040 Schedule 1
February 14, 2020 @ 12:00 pm - 1:00 pm
1 Legal Specialization in Taxation Law and 1 Participatory MCLE Credits
- Understand the basic operation of virtual currency and Notice 2014-21 that treats it as property.
- Describe Rev. Rul. 2019-24 and FAQs on virtual currency.
- Describe the new virtual currency question on Form 1040 Schedule 1 for 2019 and considerations in explaining it to clients to help them answer that question.
- Gain awareness of some virtual currency tax issues.
Major Topics Include:
- Definition of virtual currency.
- Notice 2014-21 that treats convertible virtual currency as property.
- Tax issues regarding virtual currency and overview and status of IRS guidance on these issues.
- Understanding the new virtual currency question on Form 1040 Schedule 1 and advising clients on it.
Speakers: Shehan Chandrasekera and Sanford Millar
Moderator: Annette Nellen
We are committed to accessibility! Virtual events are equipped with closed captioning. To request an in-person accommodation, send us a note at accessibility@calawyers.org or contact us at 916-516-1760 for assistance.