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Taxation of Non-fungible Tokens (NFTs)

Available Until

**OnDemand**

2.0 Credits

Member Price $78.00

Non-Member Price $108.00

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.

Highlights

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

Prerequisites

None

Designed For

This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs

Objectives

  • 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.

Preparation

None

Non-Member Price $108.00

Member Price $78.00