If your cryptocurrency transactions were reported to you on a Form 1099-B, you might consider informing the firm that sent you the 1099-B to amend the relevant entries. However, as long as you are confident that the transactions at issue were not sales but rather transfers to a different wallet, then you can make the necessary adjustments to basis (cost) so that Form 8949 will show these transactions as having neither a gain nor a loss.
We assume that these transfers, which apparently have been reported as sales, show the transferred amount as if it was the proceeds from a sale of cryptocurrency. Assuming that is the case, adjusting your cost basis to equal the proceeds amount (the actual amount transferred to a different wallet) will at least not add to or substract from whatever tax liability you have.
In the Investment Income section is where you can make your edits to the cost basis as necessary.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
