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Crypto Currency reporting issue - long term gain. Please help.
Dear Professionals.
I will be very grateful if you can help me. I have two questions.
I am a Youtuber, I use TurboTax and I use Cryptotrader Tax to report crypto trading.
My youtube income 2021 was $51,288 - I am single.
1. My total crypto trading gain in 2021 was short-term $13,217 and long-term $31,596. I did my research and my long-term gain is not supposed to be taxed, but when I uploaded csv to turbo tax, it says I owed $7,917.
Is this correct? I thought I will only be taxed from my short term gain.
2. I traded and gained donations from Crypto.com.(as an influencer) I imported csv from Crypto.com and I also got 1099-MISC from them. When I typed 1099-MISC in after I uploaded csv, my tax went up which means my tax for Crypto.com was overlapped (I am paying it twice) Is it ok if just keep 1099-MISC and not import Crypto.com CSV file?
Please help me.
Thanks.
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‎February 1, 2022
11:44 PM