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Tax implications of investing in CryptocurrencyThe report must include, among other things, the name, address, and Social Security number of the person from whom the funds were received, the. It's important to know that the IRS may not have a full understanding of your transaction history. They may only see your gains, but reporting. There are no minimum thresholds involved with crypto tax reporting. Transacting any amount, even as little as $ worth of crypto, still needs.