Amendment for Crypto Transactions

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After filing my 2024 returns, I received a letter saying the IRS showed I likely made crypto transactions but didnt report them which was true - I had forgot. I pulled the CSV for the transactions, added it to federal and state and amended the returns the beginning of April 2025. There was no change in taxes due since I had already reached the $3k cap gains loss. After amending, I realized the box on page 1 of the 1040 was still marked "Did NOT make digital asset transactions in 2024" even though I added the transactions to turbotax.

Do I need to amend again to mark the box on page 1 1040 YES to digital asset transactions?

Thank you for your help!

Ask the Experts - Amend - April 2025

DawnC

Employee Tax Expert

No, don't amend again unless the IRS asks you to, which is highly unlikely. You already added the crypto transactions and there is not a digital asset box on the 1040-X. Your capital loss carryovers amounts are correct now as well.

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