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soren4god
New Member

I got a cp2000. The main discrepancy is the crypto gross amount of payments. They used that amount instead of cost basis. Should I amend my return? Or send them response

With detail about cost basis and total gains or losses? I need help i think... lol
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2 Replies

I got a cp2000. The main discrepancy is the crypto gross amount of payments. They used that amount instead of cost basis. Should I amend my return? Or send them response

The gross amount of payments is your "proceeds". What did you report as your "cost" ? 

I got a cp2000. The main discrepancy is the crypto gross amount of payments. They used that amount instead of cost basis. Should I amend my return? Or send them response

Since you did not report your cost basis on the original return they don't have it ... so to respond to the IRS notice you will need to amend your return and send in the corrected form 8949 & Sch D.  Read the notice carefully for the directions to respond.  

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