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New Member
posted Apr 11, 2025 1:18:12 PM

Digital asset

I am using TurboTax Deluxe Desktop. I clicked "no" on the digital asset question but need to change the answer to yes. I have tried restarting my computer, I have clicked through every section of "Wages and Income" and I have clicked through the questions after selecting "Done with Income." I cannot get this question to populate to change my answer.

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7 Replies
Level 8
Apr 11, 2025 1:32:47 PM

if on desktop try going to Forms mode then find your "1040/1040SR Worksheet" and change it there

Employee Tax Expert
Apr 11, 2025 1:33:33 PM

If you are using TurboTax Desktop, you can go into Forms and change the answer to "Yes". 

 

To do so, please follow the instructions below:

  1. Click on Forms on the top right of your screen.
  2. Click on 1040/1040SR Wks in the left hand column. 
  3. Scroll down to Digital Assets and click Yes.

Level 2
Apr 13, 2025 5:32:00 PM

What do I do if I have the on-line version of TurboTax?

Expert Alumni
Apr 13, 2025 5:42:09 PM

The IRS will ask you if you received, exchanged or sold any digital assets during the year. If so, it is up to you to report income associated with that on your tax return. 

 

There are three ways to enter your crypto in TurboTax:

 

Add/Edit/Delete Form Cryptocurrency:                                         

  1. Open your return (if not already open).
  2. Enter "cryptocurrency" in the Search box.
  3. Click on "jump to cryptocurrency" link.  
  4. Enter you information by importing it or by entering it manually.

 

TurboTax FAQ: How do I enter my crypto in TurboTax?

Level 2
Apr 13, 2025 6:35:05 PM

I'm guessing that TomK2023 is a bot since it is not answering the question.

 

The question is how do you change the answer to the Yes/No question on selling/receiving Digital Assets that is on the front of Form 1040, when using the online edition of TurboTax?

New Member
Apr 14, 2025 12:15:34 AM

I had this same problem and was able to get the question to show up again at the end of the income section by first deleting my crypto worksheet / sales entries completely out of the online return.  Then clicking through the complete buttons on the income section brought the digital asset question back up again.  After I made sure yes was selected and continued, the return had the digital asset question updated.  I then was able to go back and re-enter my crypto sales into the income section.  Hope this helps someone!  

Level 2
Apr 14, 2025 6:59:29 PM

Thank you skip22!

That worked for me also.