When is crypto income treated as capital gains vs. ordinary income for a foreign LLC owner?
I'm confused about the difference between capital gains and ordinary income for crypto. My LLC has several types of crypto income: trading profits, staking rewards, mining income, and airdrop tokens. I've seen people say trading is capital gains and mining is ordinary income, but then others say it depends on whether you're a trader or an investor.
As a foreign owner, does the distinction even matter? Or am I taxed the same way regardless?
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