Hello,
I'm seeing conflicting information online so I wanted to see if anyone here could provide clarification.
I am an American citizen who moved to Japan on a 5 year engineer work visa in November 2023, thus making me a non-permanent resident. I began investing in crypto in January 2024, funding the account on American crypto exchanges with my American brokerage account. I never remitted the profit to Japan, and instead sent it back to my American brokerage account. These are short-term capital gains transactions.
Will I need to report these transactions to Japan, and will I need to pay the Japanese crypto tax rate upon them (55%)? The conflict I'm seeing online mostly is a result as my status as a non-permanent resident, and since I did not remit and funds to Japan.
Thank you for your help, and any advice is much appreciated!
by Unhappy_Gate6910