Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

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Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

No, you do not report the purchase (with no sale) of Etherium, or any other cryptocurrency. You will report it if/when you sell it, or it becomes worthless.

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Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

@rlebrun07

only SELL transactions of capital assets are to be reported on your income tax return.

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Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

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Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

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Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

Should I report buying $100 worth of Etherium on CoinBase? I didn't sell it or anything, I think this means I'm just holding it? (I know nothing about crypto).

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