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Get your taxes done using TurboTax
I'm seeking clarification on this question ("did you acquire,... virtual currency") as well. I have already answered "no" and am in the Other Tax Situations section but now realize my husband had Coinbase rewards of $42 in 2021 as well as 4 small purchases. We had no sales, exchanges or disposals. Do I need to go back and answer "yes" since we did acquire? If so, does answering yes prompt other questions that have to be answered? We don't have gain or loss to report. I did read that the Coinbase rewards should be reported in Less Common Income / Miscellaneous Income / Other Reportable Income. Can you explain all of what I need to do?
‎April 12, 2022
12:48 PM