So I'm a US Resident paying taxes in the US.
Binanace.us don't offer much coins, so what I did is: opened an account on Binanace.com using my European Citizenship and then transferred some USD from my US Coinbase account to my Binanace.com account.
Now - I want to withdraw my profits to my Bank of America in the US.
So this is what I do: Sending my funds from my Binance.com to my Coinbase US account and from there to my Bank of America as USD.
Now please, bear with me :) lol...
From IRS stand of point: I know I need to pay taxes on my profit which is fine (I guess lol) but - as a US resident I'm not allowed to trade on Binanace.com... so I made the profits there - it won't cause me some problems when IRS will check my transactions? Wouldn't they say that I broke the law by trading as a US resident on the forbidden Binanace.com?
Please help,
Thanks.
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