Hi community My name is XRP Motley and I invest in cryptocurrency with coinbase. last year sometime I linked my Paypal account to coinbase so I can instantly receive the money i withdraw from coinbase. Now that tax time is here I have prepared my form 8949 document to report the gains and losses from my cryptocurrency trades. but now I'm in fear that I may get taxed twice on the same money that I sent from Coinbase to PayPal due to the 1099-k I recieved from paypal. I really just don't understand it. does anyone know If I will get taxed twice on the same money? this stuff is very tricky and confusing 😥
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