JohnB5677
Expert Alumni

Get your taxes done using TurboTax

The terms "Purchased or Bought" are purposely excluded from the question. 

 

If you purchased. or bought cryptocurrency it is not a taxable event, and if that was the only circumstance you would answer NO.

However, if you "receivesellexchange, or otherwise dispose of any financial interest in any virtual currency?" it is a taxable event and you will answer YES.

("Receive" can refer to shares gathered from an airdrop or staking)

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