Yes, you must answer the question about whether you had a financial stake in a digital asset.
As long as your statement shows the cost basis as well as the sales price then you are all set. Only you would know what you paid for your investments, including crypto, unless everything is purchased and sold through the same broker from the beginning. Make sure you are not paying tax on the amount you paid for the investments.
After you finish the income section of TurboTax, continue at the bottom of the page and answer the questions that come next.
- Did you own or control a foreign bank account trust or financial asset in 2023?
- Did you take a disaster distribution for a disaster that occurred in 2019-2022?
- Did you have a financial stake in a digital asset?
@TaxDocMama
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