Post
Topic
Board Legal
Tax issues when I bought a BTC from United States, and sold to another countries
by
David Lee
on 10/01/2018, 16:21:20 UTC
Hi Guys.

I live in the united states but my citizenship is South Korea.
I've bought some BTC from Gdax, and found that the price in a Korean exchange market is really much higher.
So I've just sold it to the market in Korea, which doesn't impose a tax, and got some arbitrage profit.
After that, I transferred the profit from South Korea to the states and sold it again.

In such case, I'm not sure how to report to IRS. Also, I happened to notice that it could be regarded as "money laundering" but I'd like to ask your thought.

Please share your thought!