Live Webinar

Taxation of Cryptocurrency-Related Losses; When & How to Deduct Them

Webinar Details $219

  • Webinar Date: October 14, 2022
  • Webinar Time: 12:00pm - 1:00pm EDT   live
  • Webinar Length: 60 Minutes
  • Guest Speaker:   Shehan Chandrasekera
  • Topic:   Taxation and Accounting
  • Credit:   CPE 1.0, ATATX 1.0, IRS 1.0
All Access Membership

The overall market capitalization of crypto assets dropped below $1 trillion from its November 2021 peak of $3 trillion. With recent events like the collapse of Terra Luna & TerraUSD (UST) coins, and Celsius, Voyager, and other platforms pausing withdrawals, many crypto users are wondering what their options are for taking tax write-offs.

This course will cover the mechanics of various types of tax losses (capital losses, nonbusiness bad debt, casualty losses, theft losses, Ponzi losses, worthless security, abandonment losses) and how they may be applied to cryptocurrency-related transactions.

Learning Objectives:

  • Accurately identify & categorize various types of losses related to cryptocurrency transactions.
  • Understand the tax implications of those transactions.
  • Evaluate the pros & cons and best practices for deducting losses on your tax return. 

Guest Speaker

  • Shehan Chandrasekera, CPA