So the 2019 1040 has a declaration at the top of Schedule 1, requesting to know whether you have "At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?"
The IRS' Virtual Currency guide at https://www.irs.gov/businesses/small-bu ... currencies gives examples that include not just Bitcoin, but also Roblox or V-Bucks.
V-Bucks are a virtual currency in the game Fortnite. You buy the in-game currency to purchase cosmetic items for your character or buy the game's Battle Pass. Roblox has a similar currency used to buy games or cosmetic items.
Are we expected to check the box yes for these in-game currencies? Anyone with kids very likely bought some of this in 2019 given the popularity of Fortnite, Roblox, or any of the many games that use their own similar virtual coins.
Thanks!!