DMarkM1
Employee Tax Expert

Get your taxes done using TurboTax

The virtual currency question is found after entering income and clicking "Wrap up income" at the bottom the page.  There may be other follow on questions prior to arriving at the cryptocurrency question.  

 

NOTE:  You will answer "Yes" or "No" depending on how you acquired the currency and what you did with it.  The IRS FAQ will guide you.  I draw your attention to Q5.  If you simply purchased the virtual currency with real currency and did nothing else you can answer "No."

 

 

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