The exchange has a record that you bought BTC. What will prevent the tax man from creating a retroactive rule that makes it criminal not to account for the "investment"?
It is already a US crime to evade reporting of a foreign financial account every year. I don't know how easy it is for them to catch someone at it.
From My Bank -> Exchange -> Bitcoin ->
The exchange has a record that you bought BTC. What will prevent the tax man from creating a retroactive rule that makes it criminal not to account for the "investment"?
It is already a US crime to evade reporting of a foreign financial account every year. I don't know how easy it is for them to catch someone at it.