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Transferring cryptocurrency from a US-based account to a foreign-based account
I transferred a cryptocurrency from my US-based account to an account with a foreign-based exchange that I hold. As a result, my current filing says that I have tax obligations to pay. How do I resolve this as I did not sell the asset, I simply transferred it to another account outside of the US? Furthermore, do I have to submit the details for this foreign-based exchange? Thank you for your kind feedback!
‎June 18, 2024
11:06 PM