Does spot crypto trading for my LLC's own account count as a US trade or business?
I trade spot BTC, ETH, and a few other large tokens from my home country, for my single-member US LLC's own account, mostly through a US exchange. I have read about a safe harbor that protects foreign traders in stocks and commodities from being treated as engaged in a US trade or business.
Does that safe harbor cover spot crypto? Some advisers tell me bitcoin is officially a commodity so I am fine; others say the tax rule is different. Which is it?
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