Question

Amend to change answer to digital asset question

Forum|Forum|2 years ago
March 11, 2024
2 replies
0 views

Hi all,

Accidentally answered incorrectly on the yes/no digital asset question. I began the amendment process in the turbotax portal but this question was nowhere to be found.

I spoke with a representative over the phone who told me to go through every single income/deduction/etc. module to try to find it. I still could not locate it.

How on earth can I make this very simple update?

Thanks in advance.

TurboTax Premier Online

C

Cynthiad66

After you finish entering details of income click on continue.

Did either of you receive a distribution for a natural disaster from 2019-2022? say yes or no Continue
In the next screen it will ask you
Did you acquire, sell, or exchange any virtual currency in 2023?
Change your answer to yes Continue

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V

vtax24Author

I did that but was not prompted for the question, even after I continued through the advertisements to upgrade my turbotax membership.

Maybe that would have worked before I actually filed my return. I'm trying to do this through the amendment portal.

C

Cynthiad66

If you had sales of digital assets you can amend to include those transactions 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 CD/Download)
Upload a CSV file of your crypto transactions
Enter your transactions manually

How to enter your crypto manually in TurboTax Online

How to enter your crypto manually in TurboTax Desktop

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B

BrittanyS

Can you clarify which software you are using? Online or Desktop?

@jperasso

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C

Confused_47

Hi...I'm using the desktop software on a mac and having the same problem. I click "Done With Income" and get asked about foreign bank accounts, then disaster distributions, then it goes to the "Picture of Your 2024 Income" screen. It never asks about digital assets. I haven't filed yet, but I don't feel good filing with the digital asset checkbox being incorrectly marked.

C

Confused_47

Figured this out with the desktop version. If you click on the "Forms" button at the top of the window, you have the ability to go to the 1040 and check "yes" or "no" yourself. Hope that helps someone!