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fayking1
New Member

DO NOT UNDERSTAND WHAT IS VIRTUAL CURRENCY?

 
5 Replies
fayking1
New Member

DO NOT UNDERSTAND WHAT IS VIRTUAL CURRENCY?

I can't get past the virtual currency question to finish my taxes

 

S-T
New Member

DO NOT UNDERSTAND WHAT IS VIRTUAL CURRENCY?

 
SusanY1
Expert Alumni

DO NOT UNDERSTAND WHAT IS VIRTUAL CURRENCY?

Virtual currency is an unregulated form of digital representation of money held exclusive in online "wallets" and accounts. 

 

If you're not sure what it is, it's fairly safe to answer the question "no" for your tax return this year - all that is required is a yes or no answer to this question, no additional detail is required.

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Mans17
New Member

DO NOT UNDERSTAND WHAT IS VIRTUAL CURRENCY?

TurboTax is not giving me any option for Cryptocurrency, and yet when I go to print my return it checks yes in the box asking if I have any virtual currency. How do I fix this? 

DavidS127
Expert Alumni

DO NOT UNDERSTAND WHAT IS VIRTUAL CURRENCY?

To find the cryptocurrency question, click the "magnifying glass Search" icon on the top row, enter "cryptocurrency" in the search window and press return or enter, and then click on the "Jump to cryptocurrency" link to get the question "Did you sell or trade cryptocurrency in 2019?".

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