If I only purchased crypto in 2021 (did not sell or trade crypto), can I still have a TurboTax expert do my taxes for me for 2021?

I had a TurboTax expert prepare and file my taxes in 2020, and they told me that if I had any crypto transactions in 2021 I'd need to file taxes myself. I only purchased crypto in 2021. I did not sell or trade any crypto. There are no 2021 tax documents available from Coinbase, Etoro, or Paypal Crypto, so it seems like there's nothing to be filed here.

283

Expert Alumni

Mar 13, 2022 8:52:55 PM

I believe you can use TurboTax full service to file your 2021 taxes. Even in 2020, we provided full service to taxpayers with crypto sales.

Level 15

Mar 13, 2022 10:50:02 PM

Only SELL transactions are reported on your tax return.

Your TurboTax Live CPA will not have any busy work to do for you.

HOWEVER you could enter that yourself in cooperation with the CPA if it were needed.

Why sign in to the Community?

If I only purchased crypto in 2021 (did not sell or trade crypto), can I still have a TurboTax expert do my taxes for me for 2021?