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I don't think that is correct. They are issuing 1099-K's for people who are accepting Bitcoin payments through Coinbase. They haven't issued any 1099's for pe

I don't think that is correct. They are issuing 1099-K's for people who are accepting Bitcoin payments through Coinbase. They haven't issued any 1099's for people who only have a capital gain from buying and selling.

dmeeker 9y ago
True, but they did add some tools to the tax center tab to make it easy to calculate your gains/losses for tax purposes.
AskewEgret 9y ago
We used Coinbase purely for trading and received a 1099-K
dgacmu 9y ago
The definition not accepting payments is broad, though: if you made a profit trading alt-coins on another exchange and cashed out using coinbase, you get a 1099-K.