does coinbase issue a 1099-b

Okay, here is the article: Coinbase Issues a 1099-B Coinbase, a digital currency exchange platform, has recently released a new tax form, the 1099-B, which allows businesses to report the value of cryptocurrency assets. The new form allows for the tracking of all of the property and cash received from the sale of digital assets, including cryptocurrency, directly from the buyer. This change in reporting is due to the recent decision by the Internal Revenue Service (IRS) to extend their tax evasion provisions to include digital assets. This means that businesses that do not report the value of their digital assets in their IRS returns can face heavy penalties. Coinbase, which has been working closely with the IRS to make sure that its customers comply with the new regulations, has released the 1099-B to ensure that businesses are properly reporting their digital asset value. This move by Coinbase is expected to help protect businesses from potential penalties and strengthen the relationship between the two parties. In addition to the 1099-B, Coinbase has also released a new platform that allows users to buy and sell cryptocurrency without any fees. This move is expected to help businesses get started with digital currency, while also protecting them from potential fees associated with digital currency trading. Overall, the release of the 1099-B form and the new platform are expected to help businesses comply with the new tax regulations and protect themselves from potential penalties. As Coinbase continues to grow, it is expected that this new tax form will play an increasingly important role in the industry.