You can keep your crypto assets in a wallet and exchanges are places you can buy and trade crypto. If you did not move or exchange assets between exchanges/wallets, you can answer NO there.
Intelligent Tax Optimization (ITO) is a crypto aggregator within the TurboTax application. It helps make cryptocurrency tax filing easier. ITO is able to:
- Connect to exchanges and wallets, and import transactions and tax forms
- Identify taxable transactions
- Calculate the cost basis values for transactions
- Make remediation (filling any information gaps) easier
This guide has everything you need to know!