Hello so my Proceeds and Costs are insanely high proceeds= 820131.4 costs=853224.6 which leave me with loss of 33093.2. Never even had remotely close to this amount of money lol wish I did, but from what I read on the article on here it totals the amount of the trades and movement. I’m guessing that one of the tokens i had which pumped in a LP totaled to the amount of 160,000 in value and when it did that I moved in and out of LPs, then It dropped like a rock and still was moving it in and out of LPs so I have a bunch of high profits and losses. Other than that though I didn’t have much that totaled that high.
Also for some reason on the 8949 I have weird numbers for example
This UNI LP is a high total
0.0 UNI-V2 04.12.2021 05.27.2021 45233.78 100937.03 (55703.26)
This one is weird because it said I totaled 30,613 I only have 13,000?
30613.3671 AGA 04.11.2021 04.11.2021 62409.27 78383.99 (15974.7)
So do these enormous numbers on the proceeds and costs affect the tax bracket, income or anything else
or
is it just the sum or difference in my case short term is a large loss, long term had a profit sum that is going to be counted towards the tax rate?
Thanks