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nkottmann23
Level 2
February 20, 2025
Question

Digital Assets - Crypto Gift

  • February 20, 2025
  • 1 reply
  • 1 view

Hello -

 

If I received a gift in crypto that I transferred from a friend's wallet to mine but did NOT sell it and still have it held in my wallet, would I answer yes or no to the digital assets question?

 

Thank you! 

    1 reply

    V
    Vanessa A
    Level 15
    February 20, 2025

    It depends.  If the question is asking do you OWN any digital assets, then you would answer yes.

     

    If the question is asking did you sell, trade or dispose of any digital assets, then you would answer no. 

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
      N
      nkottmann23Author
      Level 2
      February 20, 2025

      Thanks so much - the question is worded as such "Did you have a financial stake in a digital asset?"

      V
      Vanessa A
      Level 15
      February 20, 2025

      Yes. Then if you were gifted crypto, you would answer yes you had a financial stake in a digital asset even if you did not sell it. 

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