Bitcoin transfer from 1 exchange to another

[ikon]

I have bitcoin in exchange-cash asset and transferred the amount to Robinhood.  1st question since this was a transfer ,do I answer a yes or no on digital asset question on the 1040? and secondly any other tax forms that need to be filled out in turbotax ?

[JamesG1]

The IRS website states:

Check No in the digital assets box if you:

• Didn't own any digital assets
• Only owned or held digital assets in a wallet or account, but did not engage in any digital asset transactions during the year
• Purchased, but did not sell, digital assets using U.S. or other real currency, including through electronic platforms
• Transferred digital assets from one wallet or account you own or control to another wallet or account you own or control (unless you paid a transaction fee with digital assets. This would be a digital asset transaction.)

If there are no digital asset transactions, there are no tax forms to be filled out.

Many, but not all, digital asset transactions will be reported on an IRS form 1099-DA.