Thursday, July 9, 2020

If I purchase a crypto currency in the US but sell it in another country and make 0 profit. Is that a taxable event?

Hey guys,

Just read the beginners guide pinned in the subreddit and I am left with one question.

As explained in the title. If I purchase bitcoin through my US bank account and later sell it in another country for non-usd and make no profit. Would that be considered a taxable event and would I then be required to pay taxes to the IRS? Or would it fall in the jurisdiction of the country in which the sale took place?



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