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Level 3

Question

Smart check error for virtual currency

Forum|Forum|4 years ago
February 22, 2022
1 reply
13 views

Smart check sees error that needs to fix. By default "No entry" option is selected and I don;t have any virtual currency invested so hoping that is the correct option I should select. But again and again smart check fails so not sure if I have to select other option out of 3 options.

I am using TurboTax Delux on my Mac

Options:

1. no entry

2. Virtual currency yes chbx

3. Virtual currency no chbx

Level 15

If you don't have any virtual currency transactions, select option 3. That will put a checkmark in the NO box for that question. You can see the box in Forms Mode, by viewing Form 1040; the question is right above the dependents box. In the image below, there were virtual currency transactions, so it is marked yes, but if you did not receive, sell, exchange or dispose of virtual currency, you should put NO.

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Level 3

Thank you. It worked.