GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

Given your options, you are probably left with identifying the transaction as a withdrawal.  You are correct in that this is not a taxable event.  Is this transfer on your tax document that Coinbase has presumably sent to the IRS?  If it is not, then perhaps you can just delete the entry as it is not a taxable event.  However, if the transfer is reported on the tax document, then what does it show in terms of capital gain or loss?  If the capital gain/loss is zero, then you can leave it as is.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"