Do I report that I purchased Dogecoin in the year 2021 even though I did not buy anything with it sell it or trade it for anything?

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Do I report that I purchased Dogecoin in the year 2021 even though I did not buy anything with it sell it or trade it for anything?

No report on the buy but when you sell or trade it you have to report that transaction.

Do I report that I purchased Dogecoin in the year 2021 even though I did not buy anything with it sell it or trade it for anything?

the operative word in the question is "acquire", not "sell" or "trade".

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