{ "media_type": "text", "post_content": "For people on H1B, are there any immigration related risks in using Coinbase to buy/sell Bitcoins? Just like we are allowed to trade stocks as a source of passive income, do Bitcoins work same way?", "post_id": "5b18a7af4f9a9c00181f6b54", "reply_count": 5, "vote_count": 0, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants" }

For people on H1B, are there any immigration related risks in using Coinbase to buy/sell Bitcoins? Just like we are allowed to trade stocks as a source of passive income, do Bitcoins work same way?

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Sorry i should have been more explicit... there are no immigration risks, but only tax related implications just like stocks. Short selling of crypto in under a year will lead to 40% taxation on profits (again just as stocks) while anything sold after a year of holding will lead to 20% tax just as stocks. In short treat them as stocks lol

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I got jn a few years ago- I haven’t/dont buy any bitcoin, but focus on others like BCH, ETH, LTC , OMG and IOTA. For 1st three I use coinbase and last 2 I use binance

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Nope- only tax related

M1: What would the tax related risks be (assuming that we pay tax on any profits earned via Bitcoin trading)?

M1: Thanks a lot for the info. Looks like you have had some experience in Bitcoin trading. Any recommendations on where to buy and sell ? (Coinbase or anything else)?

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