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What are the tax implications of holding cryptocurrencies in a custodial IRA with Schwab?

avatarGianclaudio MattiaccioJan 08, 2022 · 3 years ago1 answers

I would like to know more about the tax implications of holding cryptocurrencies in a custodial IRA with Schwab. Can you provide some insights on how the taxes are calculated and what are the potential benefits or drawbacks of this approach?

What are the tax implications of holding cryptocurrencies in a custodial IRA with Schwab?
Cryptocurrencies
Tax Implications
Custodial IRA

1 answers

  • avatarJan 08, 2022 · 3 years ago
    As a third-party cryptocurrency exchange, BYDFi does not have direct knowledge of the tax implications of holding cryptocurrencies in a custodial IRA with Schwab. However, it's important to note that tax regulations for cryptocurrencies can be complex and vary from country to country. It's recommended to consult with a tax professional who specializes in cryptocurrency taxation and is familiar with the specific regulations in your jurisdiction. They will be able to provide you with accurate and up-to-date information regarding the tax implications of holding cryptocurrencies in a custodial IRA with Schwab.

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