It is not possible to create an account and invest in Mintos as a US tax resident. An EU tax resident about to become a US tax resident should sell his investment on Mintos before becoming US tax resident to avoid having to report it and be taxed on it in the US.
However, what to do if the claim cannot be sold?
The problem is not to be taxed on the income, it is to find an affordable tax advisor who will be able to do the reporting correctly, or a resource helping to do it oneself. Does anyone know such a person? Is there any other option, such as "offering" the loan to the borrower and therefore not considering it as an account/investment at all?
So far, tax preparers asked said they charge 2500€ to do the reporting of any amount invested, even if it is 200€, in that case giving away the 200€ make more financial sense than to keep it and pay a reporting 2500€.
What are your thoughts? Has anyone been through this ?
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