does coinbase send out tax forms

Coinbase sends out tax forms to individuals who purchase digital coins. In June 2019, Coinbase sent out an email to its users asking them to report any inaccurate or incomplete tax forms that they had received. This move was in response to a recent law passed by the state of Massachusetts that required taxpayers to submit their completed tax forms before being able to use their digital coins. As a result, many users of Coinbase were unable to use their digital coins to make purchases because they were not yet in compliance with Massachusetts' tax laws. The email was received by more than 2 million users, with about half of them reporting any inaccurate or incomplete tax forms they had received. As a result, Coinbase's users were unable to make purchases using their digital coins until they were able to comply with Massachusetts' tax laws.