Hello everyone.
I just moved to the States this month and turns out that my investment platform etoro is not working in the US because when I signed up I was in South Korea and was under the Australia law/regulations. Now that I became a Green Card holder, they must return my investment and close my account.
When I was in Korea, I would save money from my salary and invest it in crypto, stocks, etc. So now that the market is down, my initial investment of over 30k went down to 13k. I'm so pissed that etoro is doing this and it's so stupid. Anyways, I'm new to the whole US taxes, how would this be considered in my taxes, is US going to further take out a chuck of that 13k that I get or will it be in consideration as a loss from 30k? The etoro asked me to fill W-9 form.
Do i need to hire someone to get a consultation?
I do not want to pay even more money in taxes as i already lost so much from closing those positions and gained nothing when the value of everything is in red.
Ps. I am planning to invest whatever I get back with hopes of returning at least what I originally put.
Thanks for any pointers.