What is the issue?
Some Coinbase USDC to BTC transactions are flagged for insufficient quantity resulting in $0.00 cost basis and inflated gains.
Who is affected?
Users with USDC to BTC transactions on Coinbase.
What is the workaround?
There is currently no workaround available.
You can upvote this forum post to indicate you are experiencing this behavior. The post status will be changed to Complete once a fix is rolled out. Up-voters will be notified of the status change.
Keywords: coinbase, USDC, BTC, cost basis, capital gains, transaction review