To view the virtual currency question in TurboTax online:
- Click on Federal.
- Click on Wages & Income.
- Scroll down to the bottom of the page and click on Wrap up income.
- Click through several screens to arrive at Did you acquire, sell or exchange any virtual currency in 2021?
If the question is not answered during the tax interview, the question is asked during Review or Smartcheck.
IRS Publication 17 page 1 states:
Virtual currency.
If, in 2021, you engaged in a transaction involving virtual currency, you will need to answer “Yes” to the question on page 1 of Form 1040 or 1040-SR. See Virtual Currency in the Instructions for Form 1040 for information on transactions involving virtual currency. Do not leave this field blank. The question must be answered by all taxpayers, not just taxpayers who engaged in a transaction involving virtual currency.
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