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Cl i ck her et OSI WWI ssue40CRYPTOCURRENCY 101 FOR ESTATE PLANNERS By: Dido M. Wally and Abigail McGowan On December 9, 2018, Gerry Cotton, the CEO of Quadriga CX, a major cryptocurrency exchange,
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Cryptocurrency 101 for estate refers to the reporting of any cryptocurrency holdings within an estate for tax purposes.
The executor or administrator of an estate is required to file cryptocurrency 101 for estate.
Cryptocurrency 101 for estate can be filled out by providing information on the type and amount of cryptocurrency held within the estate.
The purpose of cryptocurrency 101 for estate is to ensure that any cryptocurrency holdings within an estate are accounted for and taxed accordingly.
Information such as the type of cryptocurrency held, the amount of cryptocurrency, and the date of acquisition must be reported on cryptocurrency 101 for estate.
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