Quote from: Biodom on July 30, 2019, 11:36:00 PM

Quote from: philipma1957 on July 30, 2019, 01:48:55 PM

Part of what is wrong is simple transfers of coin out of coinbase.

Coinbase does not know where the coin goes so they show it as a cap gain or cap loss.

but if you moved it to your core wallet it is nothing a wash and coinbase reported the transfer as a liquidation thus causing a cap gain or loss.

I still think that it is coinbase fault as transfer out should not be a liquidation by default.
If I send btc to coinbase, do they consider it a BUY?
If yes, then it is ridiculous and a REALLY bad accounting standard.

Example: Say, I send 1 btc to coinbase when the price is 15K. Now I am withdrawing the same 1btc at 9K.
Do they think that it is a $6K loss? If they do, then they are negligent/in error.

Yeah but it does not help me in my case.

What kills me is I don't owe money once I do what is wanted it most likely will mean I have a larger cap loss not a lower one.

I have looked at most materials that were provided. Once I generate a new 2018 amended return I will do a quick recap of time and length of the report. My 2018 cap losses were 3300 and my ebay/bitcoin sales earned under 5000 for 2018. I will let you all know how much time it will take me to make reports. and how much money it makes as a difference.

BTW so far coinbase is refusing to send me a 1099-k. Which makes for more work for me.