"proceeds from broker and barter exchange transactions"
its in the high 5 digits...
Not very tax savvy and this is first year up in sports, but nowhere near the amount it says here.
Does this mean have to pay taxes from amount shown when form is submitted to accountant?
These are all BTC from withdrawals, but how the hell could one show all the deposits that were made to the books via BTC to offset? It seems like I won high 5 digits when most of it is just the BTC payouts from blockchain to the brokerage. Shit, how deep in trouble/potential problem is this here?
Would appreciate any advice private or not.
I dont know what to do.
Accountant is a friend of family dont wanna disclose nature either.