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Massive IRS Tax Bill and wrong info
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I traded a lot in 2020, forgot to report those. It was all crypto and all on Robinhood

Let me clarify. I went through every line item transaction on robinhood. I made nothing. I have a overall capital loss.

Also the IRS said I made 33000 more from those crypto line transactions (IRS provided me with that) however they just added up when I bought and sold the crypto coin multiple times. And claimed i made that much more in taxable income. The truth was i invest about 6000 into dogecoin and then sold to only get 4000 ish altogether then i bought ether at like 4k worth and had a final sell at about 2000.

Im scared what do i do

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1 year ago