Cryptocurrencies and FBAR/FATCA

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rasman
Posts: 8
Joined: Sun Jul 19, 2009 11:07 pm

Cryptocurrencies and FBAR/FATCA

Post by rasman » Thu Jan 04, 2018 8:40 pm

I have searched high and low but there doesn't seem to be a consensus on whether to report on either FBAR or FATCA (if one is mandated to do so under reporting requirements) if the coins/tokens are NOT held in a foreign exchange but instead held personally, offline, such as a printed wallet or a hardware wallet.

I know this is new territory but IRS so far has not issued and definitive statements for tax year 2017 that I could find.

Can anyone shed some light on this?

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