Great question! Reporting cryptocurrency gains as an international student can be a bit tricky, but here’s the lowdown:

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1. Are you required to report cryptocurrency transactions?

• Yes, if you had any taxable events involving cryptocurrency during the year, such as:

  • Selling crypto for cash

  • Trading one crypto for another

  • Using crypto to buy goods or services

  • Receiving crypto as payment

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2. Which tax form to use?

• As an international student, you usually file Form 1040-NR if you’re a nonresident alien for tax purposes.

• Cryptocurrency gains/losses are reported on:

  • Schedule D (Capital Gains and Losses)

  • Form 8949 (Sales and Other Dispositions of Capital Assets)

Note: Some nonresident aliens have limited reporting requirements, but if you have gains or losses, you must report them.

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3. How to calculate gains or losses?

• Calculate capital gain or loss as:

  • Proceeds from sale/trade minus cost basis (what you originally paid for the crypto)

• Gains are generally taxable income.

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4. Are there any special rules for international students?

• The same tax rules apply as for U.S. taxpayers regarding crypto gains.

• If you’re on F-1 visa and a nonresident alien, report on Form 1040-NR.

• If you qualify as a resident alien for tax purposes (e.g., after 5 years), report on Form 1040.

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5. Keep good records:

• Dates of purchase and sale

• Amount paid and received

• Transaction type

• Wallet addresses or exchanges used

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Summary Table:

Situation	Forms to File	Notes
Nonresident alien (F-1, <5 years)	Form 1040-NR, Schedule D, Form 8949	Report capital gains/losses
Resident alien (F-1 >5 years)	Form 1040, Schedule D, Form 8949	Same reporting as U.S. taxpayers

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If you want, I can help you draft how to report your crypto transactions or recommend software that supports Form 1040-NR and crypto reporting!