The individual income tax forms ask if the taxpayer (and/or spouse) have engaged in any transactions involving Virtual Currency. The best known virtual currency is Bitcoin, but there are others. The Yes/No question is asking if you received, bought, sold, or exchanged Virtual Currency, either as payment for goods/services, or as a speculative investment.
Be certain to provide an answer to this question when submitting your income tax information for preparation!
Kenneth Athon Tax Strategies 