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TagsWhat are the tax implications of holding cryptocurrencies in a custodial IRA with Schwab?
sudhakar reddyMar 19, 2022 · 3 years ago1 answersI 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?
1 answers
- 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.Mar 19, 2022 · 3 years ago
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