@Basement_Buzzard
"The IRS lost its case to double tax crypto." It's good news. However, in my BlockFi account I found a 1099-MISC form. I did not sell anything. Just keep my altcoins on BlockFi.
So, I earned interest paid in crypto. But BlockFi generated the 1099-MISC with a total amount in USD. Obviously, they converted the crypto amount into USD amount and now I have 1099-MISC and should report it.
This 1099-MISC has just one number (in USD), but I have 30+ transactions with different coins which gave me that number. Should I report those transactions somehow or just report one number from 1099-MISC?
If they would not generate the 1099-MISC, I would not report anything according to your information about the US Federal Tax Court.
Totally confused.
