If you have received 1099K from a specific exchange because of your trading activity and it has huge numbers, don't worry! You are not alone. Since the amount shown on this document is the sum of all payments processed for you - it could be sum of all deposits, sales, transactions done on that exchange or platform. You might NOT really owe taxes on that big dollar amount. We have put together information to help you with this situation. For the love of crypto community. Read more here
Submitted January 29, 2020 at 09:35PM
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