Question on coinbase taxes

Demondosage

Member
10+ Year Member
Do you need to report anything if all you did with coinbase was send to wallets? As in, made no money. I know it seems like a stupid question but do you have to report where’s every one of those transactions went or something?
 
Thanks, it’s hard to understand cause I get this stupid email telling me “you had taxable activity” then in bold lettering it says “you won’t get a 1099 from us since you earned less than $600” it’s like which one is it dickheads? Probably just a generic email that can apply to everyone, thanks
 
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