Potential 1099-DA reporting issue affecting USDC trading pairs on Coinbase.
While reconciling my 2025 transactions with the 1099-DA, I noticed:
β’ USD pairs reconcile correctly
β’ USDC pairs show differences in proceeds and cost basis
All of my trades were executed on Coinbase
I also compared it with CoinTracker, I see it reconcile correctly with the actual trades. The discrepancy only appears in the 1099-DA for USDC pairs.If you traded USDC pairs in 2025, it might be worth double-checking your 1099-DA.
@CoinbaseSupport@coinbase@brian_armstrong