Cryptocurrency Q&A
Can international student buy Bitcoin in USA?
Can international student buy Bitcoin in USA?
Raffaele
Sat Dec 21 2024
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6 answers
997
I'm an international student studying in the USA. I've been hearing a lot about Bitcoin and am interested in investing. However, I'm not sure if it's legal or possible for me to buy Bitcoin here. Can someone clarify this for me?
6 answers
Martino
Mon Dec 23 2024
The question posed is whether purchasing items with cryptocurrency triggers tax implications.
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Federico
Mon Dec 23 2024
The answer to this inquiry is a definitive yes.
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Arianna
Mon Dec 23 2024
Whenever an individual utilizes cryptocurrency to make a purchase, the Internal Revenue Service (IRS) views this transaction as a liquidation of the asset.
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JejuJoyfulHeart
Mon Dec 23 2024
This means that the cryptocurrency used is treated as if it were sold for its equivalent value in traditional currency.
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DongdaemunTrendsetterStyleIcon
Sun Dec 22 2024
If the value of the cryptocurrency at the time of purchase is higher than what it was originally acquired for, the difference is considered a profit.
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