The Truth About Cryptocurrency Taxes for Americans Living Abroad

Описание: Own or trade cryptocurrency while living abroad? You still have to report it to the IRS — no matter where your exchange or wallet is located.

In this video, we explain:

🌍 Why US expats must report all worldwide income, including crypto gains
💰 How crypto is taxed just like stocks and investments
📈 The difference between short-term and long-term capital gains on crypto
💸 What counts as a taxable event, including selling, trading, or converting crypto
🧾 Why some wallets or exchanges may need to be reported on FBAR or FATCA
⚠️ Why the IRS is increasing enforcement and what penalties to avoid

💡 Why taking a conservative reporting approach can save you from expensive mistakes

Key takeaway: The IRS treats cryptocurrency as property, not currency. Whether you live in the US or overseas, you must report all crypto income, sales, and exchanges accurately to avoid steep penalties.

📘 Learn more:
👉 https://www.greenbacktaxservices.com/...

💬 Have questions about crypto tax reporting as an expat? Comment below or contact Greenback’s tax experts for one-on-one guidance.

🔷 Website: https://www.greenbacktaxservices.com/
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Disclaimer: This video is for informational purposes only and does not constitute tax, legal, or accounting advice. The information provided may not apply to your specific situation, and tax laws and regulations change frequently. For advice specific to your circumstances, please consult with a qualified tax professional.