Crypto gift recipient to report transactions or not?

[calambacle]

My dad bought some ETH on his Coinbase, then sent them to my Binance.

Then I used the ETH to buy the Altcoins and trade them for the other coins as well. Mostly, he wanted me to make the buy/trade only under his approval.

In this case, my dad needs to disclose the ETH as a gift. Then who has to report the transactions on my Binance? Is it my dad?

[Carl]

Gifts of any amount are not reported on any tax return. Not ever. However, if the gift given by any one individual, to any one individual exceeds $15K in any one tax year, then the giver (not the recipient) is required to file IRS Form 709 with the IRS. But still, under no circumstances will the gift be reported on any tax return. Not *ever*.

TurboTax does not include IRS Form 709. If the gift is over $15K in any one tax year, then the giver can get IRS Form 709 at https://www.irs.gov/pub/irs-pdf/f709.pdf.  So as the recipient of a gift, this is NOT your issue in any way, form or fashion. The giver has to deal with it, and *only* if the gift given to you was more than $15K.