How can I change the answer to "At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency"

[LenaH]

To change your answer to the question Did you acquire, sell, or exchange any virtual currency in 2021? please follow the instructions below:

1. Open your return.
2. Click on Income and Expenses at the top of the page. 
3. Scroll down to Wrap up Income.
4. Continue through the pages.
5. Answer the question on the screen, Did you acquire, sell, or exchange any virtual currency in 2021?

@shukailin

[Jennjenn86]

I am needing to know how to amend a tax return to change the question regarding this from yes to no. I have gone through every section of the amended areas and cannot seem to find where this is to fix. Thank you. 

[JohnB5677]

While buying and holding crypto ​​​​​​​doesn’t require a yes, you need to check that box if you sold, exchanged, mined digital assets, or used them for purchases. 

 After you finish entering details of income click on Wrap up income at the bottom of the page

• You’re doing awesome = Continue
• Real experts to help with your taxes = Continue at the bottom
• Our tax experts are right here if you change your mind = Continue
• Continue through the interview to this next question.
• Were either of you affected by a natural disaster in 2021? 
  • Yes / No Continue
• On the next screen it will ask you
• Did you acquire, sell, or exchange any virtual currency in 2021?
  • Change your answer to Yes/No Continue

[Jennjenn86]

I apologize as these questions do not reappear when amending the returns in turbo tax. I have chatted and called, numerous times and unfortunately nobody at turbo tax seems to know where these questions are on the amended taxes. Right after income, it places you right back to page that leads to discounts. Non of the natural disaster questions, or trading crypto reappear. There has to be either a system error or a workaround, any help would be appreciated, thank you! 

[JulieS]

If you are amending a 2019 tax return, you must be using downloaded software. If that is the case,

1. Click on the white Forms icon in the upper right corner.
2. Highlight 1040/1040SR Wks in the column on the left.
3. Scroll down just a bit and you will see the question below the Presidential Campaign question. 
4. You can change your answer here.
5. Click on Step-by-Step in the upper right corner to return to the interview.

@Jennjenn86 

[Jennjenn86]

Hi Julie, 

I am sorry I am using the online version of turbo tax this year 2021, and it is not bringing me back to those interview questions following any of the steps above. Thank you for your assistance. 

[AmyC]

If you have already filed, you do not need to amend your return over the question as it does not affect your tax liability. If you have not yet filed: 

1. return to the income section, 
2. scroll to the very bottom and select done with income.
3. Did you own or control foreign bank account...yes or no
4. continue
5. Disaster distribution? no
6. continue
7. Virtual currency question!!

Here are the screenshots to walk you through.

@Jennjenn86

[pier39]

@Jennjenn86 

I struggled with the same issue you had and follow the steps recommended, but still the question wasn't showing up after the disaster fund as shown.

I have only crypto interested reported with 1099-MISC, so I had no entries for cryptocurrency sales on Schedule D.

But I found a workaround to this:

- add a dummy crypto transaction, entered manually (you can make up the cost basis and dates, since you'll delete it later)

- now go through the wrap up income once again, the cryptocurrency question should now appear, select the correct choice

- go back to the income section and delete the dummy entry

- repeat the wrap up income once again

- to double check, go to Tools->Print center and see the return preview, you should now see a different box checked on the 1040 form

I think there's a bug in the software that doesn't trigger the question to reappear when wrapping up the income again. But changing a condition, e.g. adding a dummy crypto transaction if it was not there before, would trigger the question again.

It took me days to figure this out, so hopefully this might be helpful to someone else!

[GeorgeM777]

Another option is to follow these steps:

1. go to the Wages & Income section (in desktop) or Income & Expenses (in Online) and 
2. scroll all the way to the bottom of the income type list.    
3. You will either click on Wrap up Income (Online version) or Done with Income (desktop).    
4. This action generates the income finalizing questions, including questions regarding natural disasters, foreign assets, and the virtual currency question.   
5. When you get to the cryptocurrency question, make the appropriate change. 

@pier39

[pier39]

Hi @GeorgeM777,

That's exactly what I was referring to on the last part of my message. I tried multiple times to Wrap Up Income, but the cyptocurrency question was NOT coming up again.

But after entering dummy crypto transactions it triggered the question to show up. 

I'd say this is a bug with the online version that requires this workaround, at least it did for me.