I day traded my $1200 worth of crypto currency and the IRS say I made 100k??

I think im a day trader or something so I resold and bought back the bitcoin I had in my coinbase pro account and now the IRS is saying I made 200k. I lost around $200 doing this actually, panic selling then buying back. more then 50 times.Now Coinbase wants me to fill out a tax form, and it has trades that I made 200k, wtf is going on?

Submitted January 04, 2021 at 02:09PM

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