ketchmm
New Member

1099-B question! HELP!!

Help!!  I apparently didn't file my 1099-b (crypto stuff) on my 2021 taxes.  Got a letter from IRS stating I owe 19k (a couple months past due with interest etc.).  On my 1099-B from Uphold (crypto) my proceeds (1d) were 66,573.72.  My cost basis (1e) was 62,498.66.

 

I heard that if you don't file, the IRS will amend with the proceeds without any costs to obtain those proceeds taken out.  My question is, what do i need to do and if I file an amended tax return (1040-x) will this help bring dowm my tax burden on that 19k letter they sent me?