There is a question "Did you receive, sell, exchange, or dispose of any virtual currency in 2021?" Should I say 'No' if I bought(didn't receive for free) some crypto?
I didn't receive any crypto for free, didn't sell nor exchanged nor disposed. I bought it and just held in the wallet. Do I need to say 'Yes' to this particular question? Thank you in advance.
04477
4 Replies
Vanessa A
Expert Alumni
Apr 14, 2022 11:50:59 AM
Yes, you would need to say Yes to did you receive, sell, exchange, or dispose of any virtual currency since you bought it even if you did not dispose of it and just held it in your wallet.
nhapse
New Member
Apr 14, 2022 12:09:03 PM
Thank you!
ksacer
New Member
Apr 16, 2022 9:45:19 AM
After answering "Yes" do I need to enter more information? Turbotax does not prompt me to enter anything else. (I purchased one crypto and exchanged it for another.)
nhapse
New Member
Apr 18, 2022 10:25:25 AM
Correct. Turbo Tax doesn't prompt for further information.