oh i agree 100% the 1st 1099 i got from them (before i know how they "calculated" it) was a real eye opener. its why i use a crypto tax program, it lines everything up from the various exchanges so everything comes out in an order and format the irs understands. then i check the actual straight up deposits/withdrawals to and from the bank and personal wallets (not trades, just money and btc in/out) to make sure they are correctly not taxed (they have not been). kinda a pain but then again taxes are not meant to be fun i guess.

theres a form that has as you say the real profit/loss (another variant of the 1099 i believe) but for whatever reason they dont use it.

i dislike coinbase for some past actions (especially that team they hired that had to do with tracking down that dude that was killed especially rankles me.. i forgot the details so i may have some of that wrong) but as a usa citizen, in the land of the *cough*  free, its one of the few legal on/off ramps i can use.

at least theyve never done me wrong and ive been with them close to a decade. thats about the only good thing i can say about them.

and yes they track the living shit outta you but i never expected otherwise.

my coinbase 1099s have been some crazy numbers but thats not what the irs taxes you by, it just how much money has gone in and out of coinbase. that number is not the taxable amount its the total amount thats passed through. some is taxable (if you made a profit), some not (ie you lost money and also they dont tax money you sent there, even though those figures are included in the 1099). the irs gets a copy of that and i give a copy to my accountant also to send in with the rest of the paperwork.

to get the actual taxes owed i just import my coinbase (and other exchange) transactions into a crypto tax program and sent it all off to my accountant. so far not a peep from the irs.

there is a disadvantage to consolidating all your addresses/inputs/whatevers. and that is say you have 10 btc spread in 20 or 30 addresses. maybe the most in one addy is 0.35 btc. if you send btc to someone from that addy thats all they see you have.. that 0.35 btc. if all had been consolidated that person now would know you have 10 btc.

i prefer a lot of various sized utxos to select from so that i can send just enough, and not give away how much coin i may have.

ill accept the extra cost.

edit: probably got some terminology wrong, feel free to correct please.

i bought like 5 games off steam when they took btc. id have to check the prices at the time but probably comes 15-20k USD per game at this price point today. so call it say around 100 grand. even played a couple of them. and didnt finish any of them.

edit

yeah had one of these too.

best part? you can still xfer coins in (i just did and a block explorer says its confirmed, although really nothing can stop a xfer to an addy), but ya cant do anything useful with it atm as of course i cant see or access it on coinbase. i wonder if orders are still executing.

maybe ill dump coinbase and go the paypal route lol

well its pretty well known that i can sleep through anything. or maybe the snooze button is worn out.

at this price i guess i can buy another alarm clock. one with an air horn hooked up to it or something.

observing $16,932 USD at the place.

yawn. wake me up up 17,500 or thereabouts. so i can hit the snooze button again.

i regret testing oddball wallets back when btc was like $2 USD. send 5 or 10 btc to a test wallet, blow up the test wallet or lose it. in those days it was like pfffftt its only a few btc (worth maybe 10 or 15 bucks back then say) in the wallet, too little money to expend much time or effort into fixing or finding it. so i just basically forgot about them.

wish i had those blown/lost wallets now, i sure as heck would try to recover them these days 

is this, like, paycoin 2.0 ? only slimier?

yeah i bought some bitcoin tshirts years ago (2014/15 i think). used to wear them out all the time.

now i dont. wrenches are getting more expensive than $5 bucks (inflation ya know) but they still hurt.

for desktop (small amounts) - core, and thats been since 2011 (i have and use the same wallet.dat that was created in 2011)
for phone (small amounts) - mycelium
for cold storage - paper
for general use - trezor

observing 15.995k USD at that exchange.

i can live with that. for now.

the only figure i pay attention to concerning dosages are the LD50 amounts

i had withdrawal issues when i didnt have any gear running, always had seti/folding rigs before bitcoin or gpu/fpga/asics for bitcoin for the longest time. stopped for a year when asics became beasts that were not really home friendly and couldnt stand it, so built a gpu shitcoin rig just to have that nice white noise hum in the basement heh

couple of my keyboards have removable caps (gaming keyboards with mechanical switches) and one of my cats discovered how easy it is to pull caps off with her claws. she was very thorough, only left a few on, probably got bored.

now, loose keycaps skitter across hardwood floors extremely well and also fit down the air return vents in the floor. i just wound up buying a full replacement set.

i still find keycaps even now..

yeah and the resale value of the lungs probably doesnt deprecate either. sounds like the better deal to me.

@phil. heres to a speedy recovery to you and your wife.

properly fitted p100s are easier to breath through than n95s anyway, and are actually pretty comfortable. i used p100s for years in my line of work so maybe im just used to them.

and nothing gives more peace of mind knowing than aint nothing getting through them, basically.

one thing i did do is buy a couple brands with different fittings so i would have a better supply of cartridges in case one brand had a shortage. although if left sealed the carts have a pretty good shelf life.

yeah i always cash in an extra 20-30% or so and keep it in fiat as this prevents unpleasant surprises if the price tanks; i just stick it in a cd or something. it may leave profits on the table but i have no urge to owe the irs money or have to sell coin at a crappy price. or sell any other assets to cover taxes.

couple weeks ago i checked my paypal account of 10 years of mostly buying, no selling and i keep no money there, its just to pay for things. i too wound up with "you are now on the waiting list." havent checked since that new announcement though. USA here.

my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins.

and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that).

ive never understand how someone can get bored.