- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1040 Digital Asset Question
So in 2023 fell for a crypto scam.
Bought crypto and send to a "scam fake exchange". The fake exchange reports fake profits/trades. Essentially the money is lost.
From reading online, seems any transaction on the scam exchange is fake. No real gain.
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ia_fraudulentdigitalasset https://support.metamask.io/hc/en-us/articles/[phone number removed]75-Fake-crypto-exchange-scams
So want to know how to answer the digital asset question in 1040.
I do not believe I did any of these. Think I can check "No".
Am I correct?
For example, check “Yes” if at any
time during 2023 you:
• Received digital assets as payment
for property or services provided;
• Received digital assets as a result
of a reward or award;
• Received new digital assets as a
result of mining, staking, and similar activities;
• Received digital assets as a result
of a hard fork;
• Disposed of digital assets in exchange for property or services;
• Disposed of a digital asset in exchange or trade for another digital asset;
• Sold a digital asset; or
• Otherwise disposed of any other financial interest in a digital asset