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Robinhood crypto cost basis
In 2022 Robinhood allowed to deposit crypto to Robinhood app. I received email from them that form 1099 will be available on Feb 15, 2023. They say when they cannot determine cost basis like deposited from another wallet, only gross proceeds will be reported. Does it mean 100% of my crypto proceeds will be taxed? Very unfair. How to correct cost basis for that form in Turbotax?
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‎January 20, 2023
7:34 AM