Agree.
Some in this forum have rudely replied that a taxpayer must answer Yes - even if they only purchased with USD.
Wrong.
From the IRS website:
A5(a). If your only transactions involving virtual currency during 2021 were purchases of virtual currency with real currency, you are not required to answer “yes” to the Form 1040 question, and should, instead, check the “no” box.
That is the correct answer. If you only PURCHASED virtual currency with USD (real currency), you answer NO.
No means No.
To the respondent who suggested that "lying on the sidewalk" or "it's not rocket science" should be a general premise for answering Yes needs to view the IRS website.
