Yes Coinbase issued a 1099-K which I believe is mostly for informational purposes only. The taxpayer purchased the Cryptocurrency for $3,050. I believe it went up and down throughout the year but he never received any payments. He still owns his shares and didn't sell any. It is currently only worth about $1,000 which would be a short term loss but he never sold any and therefor I can't take it as a loss. I wound up using the reconcile option on the 1099-K worksheet to zero it out but I'm not sure if that is the right way to handle it. He did not earn anything at all on his investment. It also looks like Coinbase has sent out many inaccurate 1099-K's after researching on the internet. Any other help would be still be much appreciated.