On August 31, 2021, IRS sent me a deficiency notice about 2019 crypto transactions with ZERO cost basis calculated

2021.09.20 07:08 meeshmeesh17 On August 31, 2021, IRS sent me a deficiency notice about 2019 crypto transactions with ZERO cost basis calculated

In 2019, I traded some crypto and ended up basically netting no gains and no losses. Since rules on reporting crypto back then were so vague and I didn't gain anything from it, I mistakenly thought to ignore the issue. Another side note about my taxes that year, I had used 10k from my IRA for a down payment on a first time home purchase, which is tax deductible. This contribution was reported in 2019.
Fast forward to June 2021, I get a letter from the IRS saying that not only did I not report the 10k (as it somehow needs to be taxed as early withdrawal???) but also that I owed taxes on literally EVERY DOLLAR that was used to trade crypto, and counted $0 cost basis for every trade. So they're telling me that somehow I traded crypto and earned $90,000 by using $0 cost. What the actual fuck.
So, I sent in a whole package with all the tax forms from the broker showing the cost basis of all trades, an amended tax return with the correct reported income (which actually showed the IRS owing me $15), a letter stating the situation and description of my rebuttal, and the 2019 tax return with highlights where I clearly reported the $10k tax deductible contribution from my IRA. All of this within a week of receiving the notice in the mail, way ahead of the deadline.
Fast forward to now, I receive a deficiency notice saying that I owe everything, all of it, and now if I want to appeal it, it has to be done in the US Tax Court. It's like they looked at the evidence, straight up said "fuck this twerp" and gave me the finger.
My tax advisor basically said the IRS has an automated system that's just bad and I have nothing to worry about at the moment, but is currently looking over everything to see what to do.
Has anyone else had this issue? I can't be the only one. Any advice from people with more wrinkled brains on current tax issues?
submitted by meeshmeesh17 to IRS [link] [comments]


2021.09.20 07:08 transcendentreject how do u learn how to express emotions?

its easier for me to express emotions when i’m alone but when i’m around people it’s really hard sometimes. sometimes i feel like this keeps me from forming deeper connections with people. idk what to do
submitted by transcendentreject to Advice [link] [comments]


2021.09.20 07:08 Andrey19811 Always in a good mood when the Moonbeam is near! Andrey (Andrey)#0146

https://twitter.com/_Crypto_Ninja_/status/1439818325798887425
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2021.09.20 07:08 PleaseHelp5309 False accusations

Changing the story slightly to protect anonymity. Was let go from a job over an extremely minor situation. Found out that an employee told someone very close to me I was fired for something illegal. I went into absolute panic, depression, and life is over thoughts, knowing former friends and colleagues are talking about or thinking I would ever ever do something so bad it would be illegal. I worry that because of the small world my scientific research is in it will ruin my career. I know without a doubt and in my heart I didn't do anything bad. But it is being spread that I did. I can't go on knowing my reputation is being destroyed and there is nothing I can do about it. I so badly need to restore my reputation. But because of legal reasons (NDA) I can't approach the situation. I feel like my life is over.
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2021.09.20 07:08 Vidzhazlife Why dont female pornstars make films with their boyfriends

Like the ones hired by companies have sex with a different guy every film. Wouldn't doing it with their boyfriends solve one of the big problems of having to have sex with a stranger every time?
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2021.09.20 07:08 est1981 The 3 loves of my life!

The 3 loves of my life! submitted by est1981 to Ducati [link] [comments]


2021.09.20 07:08 LetsSayUnusual (Over 18) Unbrushed hair.

(Over 18) Unbrushed hair. submitted by LetsSayUnusual to selfie [link] [comments]


2021.09.20 07:08 sloopylow Help with Price Impact please!

Hello, I’m using Uniswap in Coinbase. I’m having an issue swapping my Saitama back to to ETH. Every time I try to convert it back, I get the Price Impact Too High error. I’ve tried adjusting the slippage and can’t get anything to work. Is there anyway around this? I know someone is gonna say something about scamcoins as a response, but I’ve made 10K off of it and I just want to take out my initial investment. My buddy has the same coin, uses uniswap in Coinbase and he can swap at anytime. Anyone know why I’m having a hiccup?
submitted by sloopylow to UniSwap [link] [comments]


2021.09.20 07:08 Remote_Dependent_749 J E N N A

J E N N A submitted by Remote_Dependent_749 to GeorgeTheMenace [link] [comments]


2021.09.20 07:08 imbluffin32 I may not be a smart man... Rip norm macdonald the goat

Can anyone in the Earnin Community help me boost my Max? 🙂 https://earnin.app.link/d9K7gTYgHjb
submitted by imbluffin32 to Earnin [link] [comments]


2021.09.20 07:08 DawnSongbird ANY good fantasy Game I can play with a friend online, who is far away?

Hello!
I hope I don't annoy any of you. I imagine a lot of people come to this sub asking for game suggestions.
I desperately looked for a game I could enjoy with a friend for over a year now. We met playing aram and we do enjoy playing league still but I also long for a game that is..well... more relaxed? Maybe a game that has a nice fantasy world to relax in?
I enjoy being a support-oriented character or a damage-oriented character with maybe 1 or two supportive abilities, just to express my love for people I care about/play with.
League (aram) is still amazing to me and its hard to beat the fun one has playing this gamemode ESPECIALLY with friends. It's fast, convenient and you can customize your characters with skins.
We tried Skyforge and it's beautiful and fun but it's also a grindfest and dead and p2w and there is little/only very slow visible progress.
We tried GW2 and we somewhat enjoy it but I kinda feel like healing is not really a thing. Supporting is done by buffing which to me is one of the most boring things to do in video game history.. Doesn't help that fighting from range is not an option in organized PvE events since the game is based around boons that have a very small range so you have to stay close to your group/the boss. God, I hate boons so much.
We tried Albion and we both really enjoyed it. I tried to warn him that PvP will be forced on you and peacefully playing PvE is not an option. Once he realised that you can't outplay people in PvP due to a low skill ceiling and all that matters is who has the bigger group he didn't want to play it anymore.
He tried Dota 2 and likes it a lot, for me however Dota 2 is even slower than the rift-gamemode, which I already dislike unless I am Yuumi (feel free to hate me).
I am really tired of MMOS because they constantly change/depend on developers who slowly kill their own game in the name of money and greed. Or MMOs turn out to be repetetive and ruled by Metaslaves limiting player-choice.
For heaven's sake I really just want to have a fun and maybe pretty game-experience with my friend. Any suggestions? :3
It can be an MMO or a simply an RPG or literally anything fun and maybe pretty (you know, not chess or something) I can play with him. Even it it's just 2 players. I really do not care at this point! xD
Thank you for reading :)
submitted by DawnSongbird to gaming [link] [comments]


2021.09.20 07:08 L1m8tless Matchmaking without bots in pub matches

You should be able to chose if you want bots in your Matches or not. It would take longer to search for an lobby but would also be more fun. What do you think?
submitted by L1m8tless to CallOfDutyMobile [link] [comments]


2021.09.20 07:08 omegajakezed The Mediathek used to be a feature where you would be able to see your video history. Now it's just a copy of the first page of Youtube and I'll never be able to see the videos again i watched a few days ago.

The Mediathek used to be a feature where you would be able to see your video history. Now it's just a copy of the first page of Youtube and I'll never be able to see the videos again i watched a few days ago. submitted by omegajakezed to mildlyinfuriating [link] [comments]


2021.09.20 07:08 Paul-Belgium Susan Moncur Wearing a Dress by Karl Lagerfeld for Chloé (Vogue UK 1973) [724 x 1277]

Susan Moncur Wearing a Dress by Karl Lagerfeld for Chloé (Vogue UK 1973) [724 x 1277] submitted by Paul-Belgium to fashionporn [link] [comments]


2021.09.20 07:08 Tiger_Yu Doorknob waifu

Doorknob waifu submitted by Tiger_Yu to NuxTakuSubmissions [link] [comments]


2021.09.20 07:08 Kazhmyr1 Finn basking in his favorite spot

Finn basking in his favorite spot submitted by Kazhmyr1 to mainecoons [link] [comments]


2021.09.20 07:08 pincopancolo pumpkin girl By solidbox #theme @themes3ds - Nintendo 3DS Themes / Badges / Splashes [NHZ ]

pumpkin girl By solidbox #theme @themes3ds - Nintendo 3DS Themes / Badges / Splashes [NHZ ] submitted by pincopancolo to themeplaza [link] [comments]


2021.09.20 07:08 JAWBL4Z3R Supposed to be (dog shit at or in (1,1) )

Supposed to be (dog shit at or in (1,1) ) submitted by JAWBL4Z3R to dankmemes [link] [comments]


2021.09.20 07:08 Jonnyroxket3300 21M solo smoking

Just got gram of real fire after week off anyone up chat, if your a guy no sexual shit, if your a lady I’m not gonna start no sexual talk either no creep zone lol
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2021.09.20 07:08 somanypidgeons Loud booming sound/explosion?

At around 9:50pm I was outside in the sun valley area and heard a really loud, explosion like sound and felt the accompanying shock wave. Anyone else heafeel this? There was no flash of light or anything that I saw and I couldn't tell which direction it was coming from, but it was waaaayyyy too big of a sound to just be a gunshot or something. Google provided me with nothing. Just heard another from inside, 10:08pm. Super curious what this was, if anyone knows.
submitted by somanypidgeons to LosAngeles [link] [comments]


2021.09.20 07:08 Ok_Log_4559 CHARLES 💎 Great Opportunity | Insane Potential | Huge Rewards | Doxed And Based Dev | Good Marketing in Bound 🎇

Hello Dear Investor💎
We want to present you a project with great potential that rewards its holders with crazy ADA reflections💸
Your investment will be supervised by a well-known team that prepares huge marketing: Charity Donations, Coingecko, Tranding CMS, Coisniper, Coinhunt, Fameous Influencers Tweets, CMC, CoinPaprika🚀
CHARLES Token is named after Charles Hoskinson. Great founder of Cardano.
Creator of CHARLES Token is well known team: adacoin.hu, which also owns GULAS pool!👑
🖋Doxxed And Friendly Devs
🧳Based Team
💍Huge Rewards in ADA💸
👑Great Marketing In Bound
🎇Coingecko And CMC Listings Are Coming!
🐦 Major Influencers On Board
🔒 Liquidity Is Locked For 1 Year :
https://deeplock.io/lock/0xceb3dee8bdc85444dc524a107046ebf29f67ffab
🖌Ownership Is Renounced:
https://bscscan.com/token/0x50cdf3f3c577e08fb531d63052fd5162edff01bc#readContract
💰Tokenomics:
total supply: 1,000,000,000
Trading tax: 10%
7% rewards
1% liquidity
1% marketing.
1% charity donations
slippage: 12%
Contract: 0x50cdf3f3c577e08fb531d63052fd5162edff01bc
Buy Link: https://pancakeswap.finance/swap?outputCurrency=0x50cdf3f3c577e08fb531d63052fd5162edff01bc
submitted by Ok_Log_4559 to cryptostreetbets [link] [comments]


2021.09.20 07:08 Academic-Movie9106 AITB for finding it annoying that my housemate was talking/making fun of me behind my back

In my house, I can sometimes be careless and make silly mistakes as a living situation was kinda new for me. I am trying to be more cautious and improve. That said, one time one housemate of mine was drunk or kinda and he told me in a like a cheerful tone that felt mocking/making fun of "You've been the source of many stories" and I got pretty annoyed as it sounded really condescending and him just being a jerk. Granted he was drunk, so AITB for being bothered
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2021.09.20 07:08 IsEclipsedByTheMoon The Holy Trinity

The Holy Trinity submitted by IsEclipsedByTheMoon to legostarwars [link] [comments]


2021.09.20 07:08 Username-bot Har Har Mahadev❤

Har Har Mahadev❤ submitted by Username-bot to Chodi [link] [comments]


2021.09.20 07:08 ATSTRONIXX destroying fallout 4 with mods

destroying fallout 4 with mods submitted by ATSTRONIXX to AdvertiseYourVideos [link] [comments]


http://schoolharmonya.ru