Hi, I'm an English international student in California
on an F-1 visa who moved to the US
in August 2015. I worked in the UK until my move and am separately completing a UK tax return
. I have not worked in the US (ie. on my university campus) since moving here. I do not presently have an SSN - I will this week be applying for an SSN for a job that will begin in May.
In 2014 I purchased a cryptocurrency called Ether in a pre-sale, paying for the Ether in another cryptocurrency, Bitcoin. Since August 2015 I have been converting this Ether into Bitcoin on two US-based cryptocurrency exchanges. I have then been converting the Bitcoin into US dollars on a New York-based exchange called Gemini (www.gemini,com), and transferring the US dollars to my Wells Fargo account. The total amount cashed out to the Wells Fargo account is currently $16,000 and will be less than $20,000 by the end of this month.
Do these transfers of US dollars count as "income
from US sources" for the purpose of Forms
8843 and Form 1040NR-EZ, and what is the correct amount of tax to be paying on them if so?