Yes, there is, in 2022 it was in PIT 38, sec. E. You need to report purchases even when you have not sold anything as this entitles you to subtract cost when you sell later.
False, in Poland you report income on crypto when you sell and you realise gains. The parent is saying in the US you have to tick a box on a tax form just because you bought some crypto.
PIT38 is about reporting income from capital gains, it has nothing crypto specific. Certainly there is no section where you're reporting crypto purchases regardless if you made any income or not.
Section E specifically is a summary section where you put totals of tax to pay. There is nothing about crypto in it.
Also you only get PIT 38 made up for you if you've made income from(reported directly by the broker):
- stocks
- short selling
- derrivatives
- dividend
If you didn't and you're not reporting any income from financial instruments you do not report any crypto purchases your pit38 will have all zeroes.
Perhaps you confused it with the fact you have to report any shares in ownership of any limited companies, cooperative or other "for profits" you procured without paying for them except when they were exchanged for other shares. This means you have to report shares if your were given them as payment etc. In general it has nothing to do with crypto, but lets say there is an ICO that gives you voting/share of ownership rights like we had with the DAO. And you're a developer, you do some work for the DAO and you're paid with tokens, but you don't sell them. You still have to report this, but that is a very specific situation.
PIT38 is about reporting income from capital gains, it has nothing crypto specific. Certainly there is no section where you're reporting crypto purchases regardless if you made any income or not.
Section E specifically is a summary section where you put totals of tax to pay. There is nothing about crypto in it.
Also you only get PIT 38 made up for you if you've made income from(reported directly by the broker): - stocks - short selling - derrivatives - dividend
If you didn't and you're not reporting any income from financial instruments you do not report any crypto purchases your pit38 will have all zeroes.
Perhaps you confused it with the fact you have to report any shares in ownership of any limited companies, cooperative or other "for profits" you procured without paying for them except when they were exchanged for other shares. This means you have to report shares if your were given them as payment etc. In general it has nothing to do with crypto, but lets say there is an ICO that gives you voting/share of ownership rights like we had with the DAO. And you're a developer, you do some work for the DAO and you're paid with tokens, but you don't sell them. You still have to report this, but that is a very specific situation.