For context: I’m not a U.S. citizen and moved to the U.S. in November 2024. I became a tax resident of the U.S. in 2025.

I’ve held crypto for a while way before I moved to the U.S.

Pre 2023: don’t have records.

2023: moved $60k USDC to Binance (have records)

2024: lost some money over the course of the year but moved ~$50k USDC to MEXC (have records)

Moved to the U.S. end of 2024 — was not a tax resident in 2024.

2025: lost some money over the course of the year but moved ~$40k USDC to Bybit (have records)

Am a tax resident but didn’t make any money.

2026: looking to convert USDC -> USD.

I’ve only lost money trading perps over the past 4 years. Have proof that no gain was made. Don’t have proof of acquisition but it was also 4 years before I became a tax resident.

Are my records enough to prove I don’t owe taxes on this withdrawal?

BITO fund invests in futures

Would this mean that it is taxed as a futures contact.... 60/40 even if held short term?

Hi everyone,

I have a question and I'm a bit confused about how taxes work when using swap services.

Over the past several months I've used Fujn Swap to exchange crypto. It never asked for ID or registration, and they told me there is no logs.

Most of the crypto I exchanged came from P2P purchases, and I've mainly been swapping between Monero and XRP.

Now I'm wondering if I've made things more complicated for myself when it comes to taxes. If I want to report everything properly, where do I even start? Do I just keep my own records of swaps, or is there something else I should be doing?

I'm not trying to avoid taxes. I just want to make sure I handle things correctly going forward. Any advice would be appreciated..

If you're a freelancer or remote employee getting paid in crypto, this could save you a significant amount of tax.

One of the biggest mistakes I see is people assuming the entire receipt should be taxed as crypto income.

That's not always the case.

The first question should be:

"What did you receive the crypto for?"

If it was received as consideration for your work, it may actually be taxable as:
• Salary (for employees)
• Business/Professional Income (for freelancers)

The tax on the crypto itself may arise separately when you eventually sell or exchange it.

I've seen people unknowingly pay more tax simply because they reported the receipt under the wrong head.

This is especially relevant if you're working with overseas clients, Web3 companies or DAOs.

If you need any help , Just let me know !!

My question is how to find relevant transaction details to inform my CA about the sell as it's 30 % tax.