Virtual currency question on Schedule 1 2019

bombay_sapphire · ‎February 29, 2020

The question asks:

At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in anyvirtual currency?

If I only bought some bitcoin, should I say yes or no? Very confusing question to say the least and a lot of different opinions on what should be the correct answer.

KarenJ2 · ‎March 1, 2020

Since you acquired cryptocurrency, you need to answer yes even though it is not a taxable event.

Forbes Cryptocurrency On Your Taxes

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KarenJ2 · ‎March 1, 2020

Since you acquired cryptocurrency, you need to answer yes even though it is not a taxable event.

Forbes Cryptocurrency On Your Taxes

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Virtual currency question on Schedule 1 2019