Anyone receive their 1099-k? Damn, the value crypto.com includes

is extreme. It looks like they count everything, moving cryptos to crypto earn, cancelling crypto earn, etc. The amount that put on our 1099-k is wrong. Hope it doesn't red light the IRS when we file taxes. 👀

I just came here after looking at that. No way I had that many transactions. It's crazy. If all that was deposited to me I want access to it.

Not sure if it's going to raise red flags to the IRS. The 1099-k form is a joke. Every moment of your cryptos are included as a profit or something. Hope I don't get audited.

Yep. why can't they do a 1099Misc for interest income like blockfi or Celsius Network does. This is driving me away from their platform.

Hey man. Sorry, I don't do dm's so i'll reply here. Not sure why cryptocom chose to include everything such as deposits, crypto earn, etc. Some people using the cryptocom app as a wallet will get a rude awakening when all their deposits are included as gross income. I have heard people getting 1099-k's with insane amounts like 8 figures. Every move of your tokens on cryptocom app is added to the gross. I just hope I don't get audited when my taxes only shows like 1/20th of what it says on the 1099k.

Say what???

Exactly my point! This is a quick way for crypto,com to lose customers.