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Cryptocurrency Purchases Made In USD Are Not Reportable To The IRS

Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting, according to the IRS FAQs on cryptocurrency (Q5) updated as of March 2, 2021.

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Great article. Requesting a follow-up. Excellent analysis.

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Comment tips

Great article. Requesting a follow-up. Excellent analysis.
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