How would it all be penalties if you're keeping on top of the taxes with your accountant?As an American living abroad my tax advisor advised me buying foreign domiciled financial assets could land me with over 100% of the invested amount in penalties. Yes you WILL lose all your money then some. Yes it's extremely punitive.
Just don't.
I also invest in crypto, and have been using the volitility there to offset my taxes. Mostly by playing around in derivatives to take a loss while accumulating more of the underlying.
Statistics: Posted by rodamusprime — Fri Apr 26, 2024 4:44 am — Replies 17 — Views 1215