New York State Society of Enrolled Agents
Event Title:
Cash in the Attic: Taxation of Windfalls, Treasure Trove, and Collectibles
Date of Event:
Wednesday, November 15, 2023
Event Start and End Times:
6:30PM – 8:30PM ET
Event Type:
Virtual Webinar
Speaker(s):
Amber Gray-Fenner, EA, USTCP
Description:
This course reviews the foundational tax principles used in the taxation of windfalls, treasure trove, and collectibles. Course objectives include—
– Distinguishing between treasure trove and windfall
– Determining when acquisition of an item creates income
– Determining the type of income: ordinary or capital gain
– Identifying what makes an item collectible according to the Internal Revenue Code
– Determining the basis of windfalls, treasure trove, and other “found” items
In the latter part of the class, a series of examples will be used to illustrate how to use the foundational principles when evaluating the potential taxation of income derived from windfalls, treasure trove, or collectibles.
Event Registration URL:
Event Cost (Optional):
$25.00 for NAEA or NYSSEA Members/$55.00 for all others
