Kirby ThomasNov 27, 2021 · 3 years ago8 answers What are the tax implications of investing in cryptocurrencies for retirement accounts like Roth IRA and 401k?
I'm interested in investing in cryptocurrencies for my retirement accounts, such as Roth IRA and 401k. However, I'm concerned about the tax implications. Can you explain what tax rules apply to investing in cryptocurrencies within retirement accounts? How are the gains and losses taxed? Are there any specific reporting requirements? And are there any penalties or restrictions I should be aware of?