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Tax Implications of Non-fungible Tokens (Video) (Course Id 2874)

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Author:

Allison McLeod, LL.M., CPA A PLLC

Course Length:

Pages: 3 ||| Review Questions: 6 ||| Final Exam Questions: 10

CPE Credits:

2.0

IRS Credits:

2

Price:

$29.95

Passing Score:

70%

Course Type:

Video
Tax Implications of Non-fungible Tokens (Video) - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Taxes

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This course explains how non fungible tokens are created, classified, and transferred, along with the tax implications of creating, purchasing, selling, and exchanging them.

  • Explains how non fungible tokens are created, classified, recorded, and transferred on blockchain technology.
  • Covers the tax implications of creating, purchasing, selling, and exchanging non fungible tokens under current rules.
  • Addresses the current legislative and regulatory environment practitioners must navigate when advising clients on non fungible token transactions.
  • Worth 2.0 CPE and 2 IRS credits as a self study video course, requiring a 10 question final exam preceded by 6 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

The Tax Implications of Non fungible Tokens Video course teaches how NFTs are created, recorded, and transferred using blockchain technology.

This course identifies which NFT transactions create a taxable event, covering creation, purchase, sale, and exchange scenarios.

This course discusses current IRS enforcement actions and the legislative and policy environment surrounding NFT taxation.

This course is a Technical, self study video course worth 2.0 CPE credits and 2 IRS credits, filed under IRS program number 1SXC8T0105126S. The course includes a 10 question final exam preceded by 6 review questions (optional), requiring a 70% passing score within one year. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org. Tax professionals can review IRS continuing education information at https://www.irs.gov/tax-professionals/continuing-education-for-tax-professionals.

Description:

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. 

Who should Attend : This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise individuals or businesses that use or invest in cryptocurrency. All in-house and public practice professionals involved with tax compliance and planning will benefit from this timely and insightful seminar. 

Program Content:

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

Usage Rank:

20000

Release:

2026

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

03-Jun-2026

NASBA Course Declaration:

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Keywords:

Tax Implications of Non-fungible Tokens (Video) - CPE course for CPAs

Learning Objectives:

Course Learning Objectives

By the end of the course, the participant should be able to:

  1. Be able to define NFTs and describe how they are created.
  2. Develop a working knowledge of how NFTs are recorded and transferred.
  3. Determine what type of transaction involving an NFT creates a taxable event.
  4. Be able to identify how NFTs are classified.
  5. Discuss the current legislative environment and actions taken to regulate NFTs.
  6. Become knowledgeable of current enforcement actions employed by the IRS. 

Course Contents:

Chapter 1 - Tax Implications of Non-fungible Tokens

Chapter 1 Review Questions

Key Terms

Click to go to: CPE Tax Courses | CPA Tax Courses Online | CPE Think
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