No. I think fatboy is reffering to the capital gains tax. Purchasing an item is basically saying your selling your bitcoin (or other crypto). So if you bought it for less then what it is worth when purchasing an item with it then it needs to be on your schedule D for US citizens. I use bitcoin.tax site. They can keep track of multiple cryptos and have different rules (like fifo, lifo) you can apply to determine capital gains.
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