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The IRS asks that question on everyone's return now, that is why the question is there.
If you reported your sales then the tax calculations on the return should be fine. It is highly unlikely that they would ever have a question about the checkbox. People make mistakes on returns very often and the IRS is accustomed to this.
you don't need to file an amendment in this situation.
Thanks. I tried to even look in Turbotax and when I open the amendment menu there does not even seem to be a way to change the answer to this question. When I go into investments I can add or delete crypto investment sales but that does not direct to the digital assets question, so it seems such an amendment isn't even possible? I am completely confounded how this could work this way. I mean as soon as someone imports crypto sales, why would any tax software not automatically direct them to that question or change it for them. Seems bizarre.
The IRS asks that question on everyone's return now, that is why the question is there.
If you reported your sales then the tax calculations on the return should be fine. It is highly unlikely that they would ever have a question about the checkbox. People make mistakes on returns very often and the IRS is accustomed to this.
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