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Of course, just because you have to report an event to the IRS doesn't mean reported to the federal government.
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How Much Bitcoin Should You REALLY Own? What Amount Of BTC For A PortfolioAm I required to file taxes on my crypto? Yes, the IRS now asks all taxpayers if they are engaged in virtual currency activity on the front page of their tax. It's important to note: you're responsible for reporting all crypto you receive or fiat currency you made as income on your tax forms, even if you earn just $1. Yes, there are several scenarios where you receive income as cryptocurrency, which needs to be reported even if you don't sell it. For example.
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