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I bought $100 worth of crypto and sold it at a loss of -$11, I got a 1099 form about this and have no idea if I had to report this on my taxes or not.
I am really confused about taxes and had someone help me file them, so don’t know if this had to be reported or not. I did not gain any income and the 1099 form says there is no tax withheld. I held onto the crypto for 2 days before selling it. I think on my tax form the person who helped me checked off that I did not buy crypto and did not include the form saying I bought crypto and lost $11 after I sold it back. Should I fix this or is this not something I even needed to report? And how do I go about reporting it if I need to?
April 25, 2022
7:29 PM