Digital asset

Forum|Forum|1 year ago
April 11, 2025
2 replies
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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.

baldietax

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

LenaH

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:

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

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malindal

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

TomK2023

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:

Import your info directly from your crypto source (this is what we recommend, though it's not available for TurboTax Desktop)
Upload a CSV file of your crypto transactions
Enter your transactions manually

Add/Edit/Delete Form Cryptocurrency: