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A comment on U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked to Silk Road. Parent comment

Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked... by alasdair_ on Thursday November 05, 2020 @03:04PM (#25001453)
>You also have an obligation to report your assets.

Do you? I own things that are worth money that I've never had to report to anyone.

I see needing to report a gain when the asset is sold, but the asset itself is less certain. Do I need to tell them about the $100 bill in my wallet?

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Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked... by jacques_chester on Thursday November 05, 2020 @05:58PM (#25003032)
If it's at an overseas brokerage, you'll need to report make FinCEN report each year.
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