I am sure that I will regret starting this thread but felt like this really needs to be said out in the open at least one time. I do not plan to get into any debate about it because I am not a tax professional.

The basic point that I want to make is that anybody exchanging dinar in the US should at the very least check with one good tax professional, maybe a second or third opinion would be worthwhile.

The whole issue of staying under a $10,000 transaction is related to the required filing of various forms. IT HAS NO RELATION TO THE TAXES you might owe. The total gain that you realize is taxable income of one kind or another, no matter how many pieces you cut it into or how small each piece might be. Any attempt to keep the government unaware of these gains by staying under the 10 K limit is truly tax fraud and very very serious if you get caught. Please be advised that there is a different form that can optionally be filed to report "suspicious transactions under $10,000".

I personally plan to report every penny of gain that I realize on the dinar (if it will just reval please!!). I hope to verify that I can report some of it as long term capital gain and so only owe 15% on that portion, but I am not yet certain of that.

OK, thanks for taking the time to read. And since it is a public forum, of course you can post other opinions. I will leave it at this and hope all goes well for us all.