Re: Tax issues when I bought a BTC from United States, and sold to another countries
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!
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!
if the news I hear from social media, depending on his country, because there are some countries that legal btc and some are not or free
