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So why does it not list “hold” as needing reporting? If I merely own coins do I need to say yes?
by matt-attack 6y ago
So why does it not list “hold” as needing reporting?
If I merely own coins do I need to say yes?
- greenyoda 6y ago> So why does it not list “hold” as needing reporting? Because merely owning an asset does not create any federal tax obligations. > If I merely own coins do I need to say yes? The question on the form is: "At any time during 2020, did you sell, receive, send, exchange or otherwise acquire any financial interest in any virtual currency?" So if you merely owned cryptocurrency that was acquired before 2020, the truthful answer would be "no".