So I received a letter from the IRS today. I have an account with Coinbase and Coinbase shared my info with IRS. My question is, how do I know how much I owe the IRS? The IRS said they treat bitcoin as property. I few years ago my brother transferred money to my bank account so I could buy bitcoin for him. Then I sent the bitcoins through Coinbase to him $17,000 worth in 2016. Do I owe any taxes from that event?
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