tlrsin
New Member

If a friend sent me some ETH as a gift and I kept it in my coinbase while i was trading throughout the year then sent most of it back to him, how do i report?

My friend sent my some crypto he mined as a gift and I was basically trading it for him and ended up loosing money. I sent him back almost all of the original amount he sent me, but I ended up loosing my own money I invested as well. Is this still considered a gift? How do I report it? He basically let me borrow some crypto, and in the end we both lost money.