Hello,
I'm an International in the US (California). Back in june I made $1600 thanks to cryptocurrencies. I have no idea whatsoever if I need to pay taxes on this since:
1/ it's a rather small amount 2/ I'm not an American citizen
I also have another question. I have re-invested this money + more on another crypto currency. As of today it has grown a lot more than $1600 (think something like 5x more). This money is still in assets, I haven't sold anything yet (mainly because I think it can grow a lot more), how much the IRS can take me from this? Is there a way to escape this or should I surrender? Do I need to do something in particular? (Have a record of all my trades?)
Thanks very much for the help,
Oh one last question: let's say I want to just get back my investment and leave the rest grow, will I pay taxes on this?
Submitted December 11, 2017 at 03:55AM by CerealZealot http://ift.tt/2B3fMo8
