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While filing my return I was asked if I had "acquired" any "digital currency" during 2020. What are the requirements if I only bought and held (and still hold) crypto?
A section in TurboTax's return filing program seemed to indicate there was nothing to report in this situation. However, there is a box checked on my return itself that indicates to the IRS that I acquired digital currency in 2020. Is there nothing else I need to do? Does having that box checked on the return trigger something?
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May 11, 2021
7:47 AM