Quote from: Laviathon on February 02, 2016, 06:20:27 AM

I should be fine as long as you have to have both the $20,000 as well as the transactions. I'm sure I did reach the transactions. Just not the money.

Good, I'm happy to hear that.

I've learned a lesson in all of this:

Coinbase has no clue [If you use other wallets, such as Trezor, Blockchain.info, etc...] to store bitcoin for safe keeping. When we send funds into those wallets from our Coinbase wallet for cold storage and later transfer them back to our Coinbase wallet to cash out to our Checking account, they will assume those are payments even though they are not. So, it's best to keep your transactions with Coinbase each year below 200 transactions to avoid having to ask them for a "corrected" Form 1099-K. You don't get a form 1099-K unless you reach 200+ transactions coming into Coinbase AND those 200+ transactions add up to more than $20,000.00.

Coinbase, is doing all businesses a good service by enabling us to convert bitcoin to FIAT and deposit it into our checking accounts. I appreciate them doing this for the bitcoin community. I only hope they are cooperative in working through misunderstandings about transactions. It's impossible for Coinbase to know if bitcoin transferred into your Coinbase wallet was transferred from another wallet under our own control or from someone else in the form of a payment. This why it is best to avoid putting Coinbase in the position to TRY to determine what transactions were actual payments and which were simple transfers from a wallet under our own control back into our Coinbase Wallet to cash out into FIAT.