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dascpa
dascpa
Level 11
February 27, 2026
Question

Digital Assets & Status

  • February 27, 2026
  • 1 reply
  • 4 views

Don't normally see IRA / 401k, etc. assets unless we're doing some planning. Client has Bitcoin funds in IRA. If any sold, exchanged, etc. does that qualify for the YES box on page 1 off the 1040 or is it only for individual accounts?

1/3 of 1040's in, 23% out. Too many brokerage houses not delivering until early-mid March. Tax season has become a 45-day sprint.

1 reply

Skylane
SkylaneIntuit Community Champion
Intuit Community Champion
February 27, 2026

I'd say yes. 

If at first you don’t succeed…..find a workaround
    IRonMaN
    IRonMaN
    Level 15
    February 27, 2026

    As long as the fly guy says yes, I would mark it no.😉   As long as it is buried in an IRA, it is going to get reported properly and they are looking for the shady side of digital stuff.

    You are behind me in what's in, but ahead of me on what's out.  Mine have been coming in a lot faster than last year.

    Slava Ukraini!
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