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IRS clarifies reporting requirements for crypto bought with fiat

March 3, 2021 by DIGIT
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The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities.

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Categories Form 1040, Internal Revenue Service
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  • bitcoinBitcoin(BTC)$102,787.00-0.93%
  • ethereumEthereum(ETH)$2,490.59-0.19%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.557.71%
  • binancecoinBNB(BNB)$662.761.83%
  • solanaSolana(SOL)$173.741.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2309660.32%
  • cardanoCardano(ADA)$0.822.16%
  • tronTRON(TRX)$0.2718282.59%
  • bitcoinBitcoin(BTC)$102,787.00-0.93%
  • ethereumEthereum(ETH)$2,490.59-0.19%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.557.71%
  • binancecoinBNB(BNB)$662.761.83%
  • solanaSolana(SOL)$173.741.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2309660.32%
  • cardanoCardano(ADA)$0.822.16%
  • tronTRON(TRX)$0.2718282.59%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$102,787.00-0.93%
  • ethereumEthereum(ETH)$2,490.59-0.19%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.557.71%
  • binancecoinBNB(BNB)$662.761.83%
  • solanaSolana(SOL)$173.741.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2309660.32%
  • cardanoCardano(ADA)$0.822.16%
  • tronTRON(TRX)$0.2718282.59%
  • bitcoinBitcoin(BTC)$102,787.00-0.93%
  • ethereumEthereum(ETH)$2,490.59-0.19%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.557.71%
  • binancecoinBNB(BNB)$662.761.83%
  • solanaSolana(SOL)$173.741.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2309660.32%
  • cardanoCardano(ADA)$0.822.16%
  • tronTRON(TRX)$0.2718282.59%