From what the help menu explains
1. If I only purchased digital assets
2. Didn't sell them
3. Did NOT earn from staking
I should answer NO to this question.
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That is correct, you would answer "NO".
According to the IRS:
“Normally, a taxpayer who merely owned digital assets during 2022 can check the "No" box as long as they did not engage in any transactions involving digital assets during the year. They can also check the "No" box if their activities were limited to one or more of the following:
That is correct, you would answer "NO".
According to the IRS:
“Normally, a taxpayer who merely owned digital assets during 2022 can check the "No" box as long as they did not engage in any transactions involving digital assets during the year. They can also check the "No" box if their activities were limited to one or more of the following:
Can someone tell me, in what section would I find this prompt?
There is no section for the digital asset question. It comes up after you complete Wages & Income. Depending on what's on your return, you may see several screens before the question pops up.
Tap Wages & Income in the left column, then Continue at the bottom.
If you somehow missed it, TurboTax will ask you during Federal Review.
@JayKepps
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