Hi cpeoples21,
Thanks for the question. In short, all sales, conversion activities are reportable for gain/loss, no matter if you receive any tax form. The economic substance dictates tax reporting.
Crypto is part of Virtual Currency.
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In general, the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world economy transaction, has tax consequences that may result in a tax liability.
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https://www.irs.gov/pub/irs-drop/n-14-21.pdf
It is treated as property. When you sell virtual currency, you must recognize any capital gain or loss on the sale, subject to any limitations on the deductibility of capital losses.
Below IRS article elaborate on all reporting circumstances.
Frequently Asked Questions on Virtual Currency Transactions.
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-curren...
In general, the only transaction not reportable is when you purchase virtual currency with real currency, and still holding the virtual currency at end of year. Once sold, or used for service or converted into another virtual currencies, it becomes reportable.
I hope this helps.
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