More and more people are getting cooked by the 1099-DA.
This is above your standard CPAs paygrade and is definitely not DIY territory.
This article is worth a read if you want to know what's going on.
https://t.co/mRgDlkgomF
I use @countonsheep and they will give you are free consult if you book thru this link.
https://t.co/uaSP1HS0HK
Here's how the IRS will catch crypto tax evaders:
They receive your 1099-DA directly from the exchange showing proceeds. When you file your return, IRS systems check if the same amounts have been reported on your Form 8949.
Big discrepancies = automated IRS notice.
Reconcile your 1099-DA with your crypto tax software reports BEFORE filing. Getting an IRS notice means delays, stress, and potential penalties you could have easily avoided.
@stephenasmith If the thermostat is set to 68 degrees with the AC on, and you want to turn the thermostat to 66 degrees. Are you turning the AC up or the AC down?