What are the tax implications of investing in cryptocurrencies through Fisher Investments IRA?

3 answers

• Nov 27, 2021 · 3 years ago
  Investing in cryptocurrencies through Fisher Investments IRA can have tax implications. The tax treatment of cryptocurrencies can vary depending on the jurisdiction and the specific regulations in place. In general, when you invest in cryptocurrencies through an IRA, any gains or losses from the investments may be subject to taxation. It's important to consult with a tax professional or financial advisor to understand the specific tax implications of investing in cryptocurrencies through Fisher Investments IRA.
  516258
• Nov 27, 2021 · 3 years ago
  Investing in cryptocurrencies through Fisher Investments IRA can have tax implications. The IRS treats cryptocurrencies as property, which means that any gains or losses from the investments may be subject to capital gains tax. However, if you hold the cryptocurrencies in your IRA and don't make any withdrawals until retirement, you may be able to defer the taxes until then. It's important to consult with a tax professional to understand the specific tax implications and strategies for investing in cryptocurrencies through Fisher Investments IRA.
  552184
• Nov 27, 2021 · 3 years ago
  Investing in cryptocurrencies through Fisher Investments IRA can have tax implications. According to BYDFi, a digital asset exchange, the tax treatment of cryptocurrencies can vary depending on the jurisdiction and the specific regulations in place. In general, any gains from the investments may be subject to capital gains tax. However, if you hold the cryptocurrencies in your IRA and don't make any withdrawals until retirement, you may be able to defer the taxes until then. It's important to consult with a tax professional or financial advisor to understand the specific tax implications of investing in cryptocurrencies through Fisher Investments IRA.
  659165