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First of all, thank you so much for your detailed answer to my post. I really appreciate it. what's the best way to reach you to discuss? (I was trying to send you a message, but i'm quite newbie, so can't send it to you)
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Some said that as long as I pay the taxes for the amount of (arbitrage) profit that I earned in South Korea, it should be "okay", but not sure.
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Hi Guys.
I live in the united states but my citizenship is South Korea. I've bought some BTC from Gdax, and found that the price in a Korean exchange market is really much higher. So I've just sold it to the market in Korea, which doesn't impose a tax, and got some arbitrage profit. After that, I transferred the profit from South Korea to the states and sold it again.
In such case, I'm not sure how to report to IRS. Also, I happened to notice that it could be regarded as "money laundering" but I'd like to ask your thought.
Please share your thought!
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