Hi everyone. Im using [Cryptotrader.tax](https://Cryptotrader.tax) website to calculate my crypto taxes for 2022.
I uploaded my csv files from all the exchanges i used.
once the report was generated, It said I owe capital gains tax on 140k usd. Lets just say that If i paid short term capital gains tax on 140k…my bank account would be drained to $0.
when looking through the report I noticed a few inconsistencies.
For example: I decided to do a swing trade on BTC on april 29th using fresh fiat. Upon selling on may 2nd, I got charged capital gains tax on BTC that I bought on 8-2020. (However, the BTC I bought on 8-2020 has been sitting in cold storage since the day I got it.) doesn’t make any sense
Im going to see a crypto tax pro in person next week. Im just wondering if any of you guys had success overcoming these inconsistencies in calculating crypto taxes.
thanks guys. Worried as hell