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March 28, 2022
Question

Do I need to report crypto purchase if I never sale

  • March 28, 2022
  • 1 reply
  • 0 views

Hi,

 

I purchased/bought few crypto on coinbase but I never sell it and never use it as an exchange for currency. Do I need to report it to IRS? Coinbase did NOT give me 1099B or 1099MISC

1 reply

DoninGA
Employee
March 28, 2022

No, the purchase is not reported on a tax return since nothing has been sold.