# Cryptocurrency Purchases Made In USD Are Not Reportable To The IRS By Coinness Canonical URL: https://www.tokenpost.com/news/investing/7078 Published: 2021-03-03T01:54:04.000Z Updated: 2021-03-03T01:54:04.000Z Section: Investing > Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting, according to the IRS FAQs on cryptocurrency (Q5) updated as of March 2, 2021. Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting, according to the IRS FAQs on cryptocurrency (Q5) updated as of March 2, 2021. Click 'Read More' for details. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)