Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
Source: https://www.coindesk.com/coinbase-changes-us-customer-tax-form
Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS
November 24, 2020
CoinDesk
