@CryptoTaxSucks@Tradermayne So to clarify, if the 1099DA is showing an entire sale as short term, but the actual breakdown is part short and part long, that won't trigger any red flags with the IRS as long as the proceeds match? I appreciate your help, I've been struggling to get a straight answer on this.
@CryptoTaxSucks@Tradermayne The issue in this scenario is that the 1099 DA will report a short term capital gain of 97k, when it should be a long term capital gain of 54k. Even if you correct the cost basis, what are the steps to adjust the term? Do you just enter the information correctly and attach 8949?
@FLGatorTrader A close relative of mine told me January 6th was more concerning than the child sex trafficking. Made me view them in a very different light.