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Pro Online and Desktop: Crypto/Virtual Currency Question

09 Jan 20
Kim Manuel
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The following question was added to both the Pro Online and Desktop software to accommodate the Crypto/Virtual Currency question on Schedule 1

 

Please refer to Page 81 of the 2019 1040 Instructions on the definition and scenarios associated with Virtual currency.  These are located on IRS.gov but are still in draft form as of December 16, 2019. 1040 Instructions 2019

You should also refer to pages 8 and 9 of the 4012 for the “out of scope” policies surrounding Crypto/Virtual currency Publication 4012

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