I traded $1000 through coinbase which was mix of eth and btc just to try it out. I almost lost all of it. I was wondering whether I need to show it in tax return. According to coinbase 1099k is generated for trading above $20k. Does that mean I don't need to declare my 1k trading?
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Flagged by the community.
Flagged by the community.
Flagged by the community.
Since you lost most of all, definitely report it because you can write off your loss and save on taxes.