Koinly, leverage trading, and taxes
I need help pls! I used Koinly to create a schedule D, 8949 and forms to use for turbotax. The only 2 crypto exchanges I used last year were Coinbase and Blofin. I've only ever traded crypto in 2025 (May - December). I did leveraged trading on Blofin (not Coinbase). All in, I transferred under $6,000 total into Blofin for trading (leveraged and regular). I made money but the total 2025 crypto venture was a net loss. Koinly, however, shows my total proceeds for 2025 were close to $45,000 and my costs were about $50,000. Losses were about $5,000. Are my proceeds and costs super high because I was doing leveraged trading?? I did incur about $5,000 losses overall, so I don't know if it will ultimately matter if I just file with these high figures. I just don't know where those amounts are coming from. Thanks!