Crypto Reporting News
https://www.coindesk.com/irs-1040-faq-buying-crypto-with-usd
You do not have to report bitcoin purchases.
The U.S. Internal Revenue Service (IRS) said Tuesday it will not require crypto investors who simply bought “virtual currency with real currency” in FY2020 to report that transaction on this year’s tax returns.
The exemption is narrow, however. Investors who swapped one crypto for another, sold their positions or received a token airdrop will still need to check the crypto box under the latest IRS FAQ update.
Booya