Is Crypto Gains in a US LLC Tax Liable?

[bnpsu]

I have a foreign owned SMLLC, with no ECI.. I was wondering if I hold crypto in this LLC, would the gains on the crypto be taxable?

 

[CyprusLawyer101]

Probably taxable under your jurisdiction of residence tax rules.

 

[bnpsu]

CyprusLawyer101 said:
Probably taxable under your jurisdiction of residence tax rules.
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Sorry, I should clarify, if it's taxable in the USA?

 

[CyprusLawyer101]

bnpsu said:
Sorry, I should clarify, if it's taxable in the USA?
Click to expand...

Most likely not. This is a US tax question. The locus of the exchange, if crypto is held in an exchange. may have certain influence, but generally it shouldn't. My comments are mostly speculative.