AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

Yes, that does count as acquired.  However, only acquiring cryptocurrency does not generate a taxable or reportable event.

 

If you sell, convert, or spend cryptocurrency, then there is a transaction to report on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"