Uhhhh, you know your brokerage is required to submit an electronic copy of the 1099-B form that has all this info on it, right? They're not checking the schedule you send in, they're just checking if the total you enter matches what your brokerage sent.
That would not necessarily be sent to the IRS. In which case if I were them and someone truly sent me thousands of pages of transactions that showed basically no gains I'd troll them right back and flag them for an audit. Then they could spend the next month of their life reviewing every single transaction they submitted with one of the IRS's many thousands of taxpayer funded employees. Never mess with people who have the legal authority to make you life a mess and have zero accountability for it.
Uhhhh, you know your brokerage is required to submit an electronic copy of the 1099-B form that has all this info on it, right? They're not checking the schedule you send in, they're just checking if the total you enter matches what your brokerage sent.
What if he is trading on crypto exchanges from other countries?
That would not necessarily be sent to the IRS. In which case if I were them and someone truly sent me thousands of pages of transactions that showed basically no gains I'd troll them right back and flag them for an audit. Then they could spend the next month of their life reviewing every single transaction they submitted with one of the IRS's many thousands of taxpayer funded employees. Never mess with people who have the legal authority to make you life a mess and have zero accountability for it.
True, but I bet an audit wouldn't phase an autist of this caliber (assuming this wasn't a LARP).