Hi guys, I will soon be studying in Japan for two years. I have read a lot of posts on this subreddit, which has been very helpful to me. I would like to confirm if my understanding is correct:
1. Since my program duration is two years, I will become a non-permanent resident upon arrival in Japan, which further obligates me to pay taxes on profits from overseas cryptocurrency trading.
2. If in the future, I sell my cryptocurrencies that were bought before movign to Japan, when calculating profits, it will be the selling price minus the purchase price, rather than the price on the day of arrival. (In my case, it is impossible to prove the exact purchase price, so it will be considered as 0-cost, and I will need to pay a lot of tax)
3. I’ve seen people suggest selling assets for fiat currency before going to Japan to refresh the purchase price. Would converting between cryptocurrencies achieve the same effect, such as exchanging BTC for ETH and then exchange back?
by BlacksmithResident67
