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Get your taxes done using TurboTax
You do not have to amend your tax return solely because of the Cryptocurrency question. In the worse case, the IRS would send you a letter and ask "DID YOU REALLY HAVE TAXABLE CRYPTOCURRENCY TRANSACTIONS?", and you can say no.
The question comes directly from the IRS. Purchasing cryptocurrency is not a taxable event. but people do receive cryptocurrency from airdrops, staking, and as payment for services or products. These are taxable events, and that is why the question is worded that way.
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March 28, 2022
9:02 AM