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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 fapjacks on Friday March 16, 2018 @09:26AM (#16600454)
Just pray they don't give you a 1099 with grossly incorrect values like they generously did for me.
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Re:The IRS collects data on Coinbase account holders by AskewEgret on Friday March 16, 2018 @09:42AM (#16600530)
Was it a 1099-K? [1] It reports gross payments, not profits. The IRS knows this; it's their form.

[1] https://www.irs.gov/businesses/understanding-your-1099-k

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Re:The IRS collects data on Coinbase account holders by fapjacks on Friday March 16, 2018 @09:55AM (#16600633)
I know that this is the total transactions and not profits, and the numbers are way, way off. I have a local copy of all my trades, of course, and they match perfectly with the transaction history available on GDAX. But the numbers that Coinbase reported on this 1099-K are completely wrong. They literally put the wrong numbers in the 1099-K. And as one would expect, dealing with Coinbase support is about as much fun as being set on fire. I fear that Coinbase is going to end up costing me a lot of time and money because of their botched accounting.
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