No, that’s not true. The IRS has given guidance on this. > explaining that virtual currency is treated as property for Federal income tax purposes and providin

No, that’s not true. The IRS has given guidance on this. > explaining that virtual currency is treated as property for Federal income tax purposes and providing examples of how longstanding tax principles applicable to transactions involving property apply to virtual currency.[0] Also, every crypto tax software does exactly what you say is not required. A bit of signal there. [0] https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions https://www.irs.gov/individuals/international-taxpayers/freq...