Looks like it only applies if you bought or sold more than $20k in a single year. But this ruling wouldn’t bother me anyway. Gotta pay those taxes ...
Yes but with the price of bitcoin increasing things are getting harder, in the past with a bitcoin price of 200 dollars you could by 100BTC with 20k, but now those same 20k only buy more than 1 BTC so the amount of bitcoin you can get with your money before being tagged for inspection is getting lower by the day, it is better to stay away from exchanges from now on.