[ScubaDiver]

Dude, before you scream 'WRONG,' maybe take the time to read the question I was replying to. It wasn't inquiry about buying cryptocurrency. It was a question about buying things with cryptocurrency.

Andy yes, the IRS demands any cryptocurrency transactions be reported to them, no matter how small.

And, no, the IRS is NOT 'only interested in capital gains or losses.' You will only owe taxes on the gains. But, you have to report all transactions.

[sergeantdave]

“But, you have to report all transactions.”

Look, dude. There are no reporting requirements for purchasing bitcoin, dude. So quit pushing the BS, dude. Dude, you don’t know what you’re babbling about, dude. Purchasing bitcoin is a transaction, dude. You need not report it, dude.