Seeking TAX advise for USA

[voom360]

Do we need to report our Crypto holdings to IRS, even if they have been exchanged for one another (trading BTC for Alts) and never been traded for fiat?

[hugeblack]

as far as I know:
The IRS has decided to deal with convertible cryptocurrencies as a property [Payment of tax on capital gains] That means when you make a purchase using Bitcoin, you have to record the amount, subtract the cost from the price and report the difference.
So I think you will only pay/report if you make a conversion not holding.
you can use this tool to calculate taxes: https://www.bitcoin.tax
it’s better to move this topic into legal