What are the contribution limits for LLCs in cryptocurrency IRAs?

3 answers

• Nov 29, 2021 · 3 years ago
  The contribution limits for LLCs in cryptocurrency IRAs depend on the type of IRA you have. For a Traditional IRA, the maximum contribution limit for 2021 is $6,000 if you are under 50 years old and $7,000 if you are 50 years old or older. However, if you have a Roth IRA, the contribution limits are the same. It's important to note that these limits apply to the overall contributions to your IRA, including both cash and cryptocurrency investments.
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• Nov 29, 2021 · 3 years ago
  When it comes to LLCs in cryptocurrency IRAs, the contribution limits are the same as those for regular IRAs. The IRS sets the maximum contribution limits each year, and for 2021, it's $6,000 for individuals under 50 and $7,000 for individuals 50 and older. These limits apply to both cash and cryptocurrency investments within the LLC.
  336112
• Nov 29, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the contribution limits for LLCs in cryptocurrency IRAs are determined by the IRS. For 2021, the maximum contribution limit is $6,000 for individuals under 50 and $7,000 for individuals 50 and older. It's important to consult with a tax professional or financial advisor to ensure compliance with IRS regulations and to understand the specific contribution limits for your LLC in a cryptocurrency IRA.
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