Virtual Currency Transactions


According to a survey done by the Pew Research Center whose results were published in April 2023, 17% of Americans personally have invested in, traded, or otherwise used virtual currency. Additionally, the number of people investing in or engaging in transactions involving virtual currency continues to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. This course provides crucial information about virtual currency transactions, directing the tax preparer's approach to many issues associated with this growing area of the economy.

Learning Objectives

After completing this course, students should be able to:

  • recognize the methods of obtaining and storing virtual currency
  • describe how transactions involving virtual currency work
  • understand the basic nature of blockchains
  • apply the existing U.S. tax laws to virtual currency transactions
  • identify when, where, and how to report taxable virtual currency events and transactions 

Tax Year: 2024

Designed For

Enrolled Agents, CPAs, CFPs®, and other financial and tax advisors


None; a general awareness of basic personal income tax concepts is helpful.

Advanced Preparation


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