Are there any specific tax reporting requirements for US citizens living in New Zealand who earn income from cryptocurrency trading?

3 answers

• Ulriksen JamisonJun 26, 2023 · 3 years ago
  As a US citizen living in New Zealand, you are still required to report your worldwide income to the IRS. This includes income from cryptocurrency trading. You will need to file a tax return and report your cryptocurrency earnings as either capital gains or ordinary income, depending on the nature of your trading activities. It is recommended to consult with a tax professional who is familiar with both US and New Zealand tax laws to ensure compliance and optimize your tax strategy.
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• José DuarteJun 19, 2025 · a year ago
  Yes, US citizens living in New Zealand must report their income from cryptocurrency trading to the IRS. The IRS considers cryptocurrency as property, and any gains or losses from its sale or exchange are subject to tax. You will need to report your earnings on your US tax return, regardless of where the income was earned. It is important to keep accurate records of your cryptocurrency transactions and consult with a tax advisor to ensure proper reporting and compliance with tax laws.
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• Glud McCulloughOct 21, 2021 · 5 years ago
  I'm not a tax expert, but I can provide some general information. US citizens living in New Zealand who earn income from cryptocurrency trading may have tax reporting requirements. Cryptocurrency is treated as property by the IRS, and any gains or losses from its sale or exchange may be subject to tax. It is advisable to consult with a tax professional who can provide specific guidance based on your individual circumstances and the tax laws of both the US and New Zealand.
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