If my crypto purchases and sales were less than $2000 do i need to report?

[RobertB4444 · Accepted solution]

Yes.

The IRS expects you to report any income, no matter how small.  And in the case of your crypto trades they have almost certainly already been reported to the IRS.  If they're not on your return you'll get a letter and it will dramatically delay the processing of your return.

[dzombied]

none of my crypto trade tax info is available yet, how do they expect us to file without this info?

[AamilD]

Lot of brokerages are in process of completing the tax reports and the tax reporting information would be available shortly. If the information is not available yet, you will have to wait till those reports are available since you are required to input that information on your tax return.