@RaifH Hello Turbo Tax expert, my friend is having trouble doing his taxes, he went to H&R Block and the person helping him out told him that the IRS will see his proceed as income (even though Im sure thats not how it works) and might tax him on his proceed. I’m aware that the IRS will only tax you if you have gains and if you have losses how you explained before, become deductions, which my friend only has losses and no gains at all.
