topic Do I need to file taxes on cryptocurrency if I only purchased it with USD and did not sell? I only bought other cryptocurrency with cryptocurrency. I did not sell any. in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-file-taxes-on-cryptocurrency-if-i-only-purchased-it-with-usd-and-did-not-sell-i-only/01/722517#M290526 I put in $165 USD to purchase some coins. I then took some Bitcoin that I bought to buy other coins. Does this need reported if I didn't actually sell anything? Thu, 06 Jun 2019 15:14:30 GMT akeefe2949 2019-06-06T15:14:30Z Do I need to file taxes on cryptocurrency if I only purchased it with USD and did not sell? I only bought other cryptocurrency with cryptocurrency. I did not sell any. https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-file-taxes-on-cryptocurrency-if-i-only-purchased-it-with-usd-and-did-not-sell-i-only/01/722517#M290526 I put in $165 USD to purchase some coins. I then took some Bitcoin that I bought to buy other coins. Does this need reported if I didn't actually sell anything? Thu, 06 Jun 2019 15:14:30 GMT https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-file-taxes-on-cryptocurrency-if-i-only-purchased-it-with-usd-and-did-not-sell-i-only/01/722517#M290526 akeefe2949 2019-06-06T15:14:30Z You do not report purchases only sales on a income tax re... https://ttlc.intuit.com/community/taxes/discussion/you-do-not-report-purchases-only-sales-on-a-income-tax-re/01/722522#M290529 <P>You do not report purchases only sales on a income tax return.</P> Thu, 06 Jun 2019 15:14:32 GMT https://ttlc.intuit.com/community/taxes/discussion/you-do-not-report-purchases-only-sales-on-a-income-tax-re/01/722522#M290529 Critter 2019-06-06T15:14:32Z Re: Do I need to file taxes on cryptocurrency if I only purchased it with USD and did not sell? I only bought other cryptocurrency with cryptocurrency. I did not sell any. https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-file-taxes-on-cryptocurrency-if-i-only-purchased-it-with-usd-and-did-not-sell-i-only/01/864152#M338022 <P>I think you don't have to report for purchase made with dollar. Purchase made with other cryptocurrency should be reported.</P><P>&nbsp;</P> Sat, 12 Oct 2019 20:33:09 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-file-taxes-on-cryptocurrency-if-i-only-purchased-it-with-usd-and-did-not-sell-i-only/01/864152#M338022 HarryW 2019-10-12T20:33:09Z