Digital asset clients create messy fact patterns, mixed income streams, and record mismatches before a return is even started. This course builds practical judgment for classifying transactions, computing gain, loss, holding period, and basis, and mapping ordinary income from staking, mining, airdrops, and payments into the tax return. It is aimed at tax preparers who need a current 2026 U.S. reporting workflow that holds up under IRS scrutiny and matches broker statements, taxpayer records, and the digital asset question.
This course covers property treatment of digital asset transactions, realization events, gain and loss calculations, holding periods, and lot tracking by wallet or account. It also covers ordinary income recognition, Form 1099-DA reporting, Form 8949 and Schedule D preparation, the 1040 digital asset question, and common errors that create mismatches or audit exposure.