Do I need to report crypto info if I’ve lost money overall?
I’m using TurboTax and I can import info from Coinbase but not Coinbase Pro (aka gdax).
Coinbase info alone show gains but I’ve lost most of my money in Coinbase Pro.
Do I have to import Coinbase info into TurboTax? If I do, I have to pay tax, even though I’ve lost money in crypto overall.
Note: I had only put 4k into crypto and lost 2-3k. So I’m well under the 20k reporting limit. So maybe IRS will never find out if I don’t report?