I have several sell items in my Tax Report that show 0 coins, 0 proceeds, but does have a cost basis. For example 0 USDC, cost basis of 80.28, proceeds 0.00, Gain / Loss -80.28.
This is part of a single trade on Kucoin but it’s broken into several transactions on my tax forms, which is fine, but why the 0 coins transaction? When I add them all up (including the 0 coin loss of 80.28) the total amounts of the trade are correct.
I’m just wondering why the 0 coin transaction is on my tax form and what the IRS will think about seeing something like this. (Sold 0 coins for $0 and lost 80.28)