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A comment on The IRS collects data on Coinbase account holders. Parent comment

Re:The IRS collects data on Coinbase account holders by koboll on Friday March 16, 2018 @08:28AM (#16600151)
Coinbase has already issued tax forms for those who owe capital gains taxes because of cryptocurrency sales. So this isn't in any way new or unexpected.
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Re:The IRS collects data on Coinbase account holders by pmorici on Friday March 16, 2018 @08:46AM (#16600244)
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.
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Re:The IRS collects data on Coinbase account holders by dmeeker on Friday March 16, 2018 @09:24AM (#16600445)
True, but they did add some tools to the tax center tab to make it easy to calculate your gains/losses for tax purposes.
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Re:The IRS collects data on Coinbase account holders by dgacmu on Friday March 16, 2018 @09:46AM (#16600556)
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.
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Re:The IRS collects data on Coinbase account holders by AskewEgret on Friday March 16, 2018 @09:46AM (#16600552)
We used Coinbase purely for trading and received a 1099-K
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