What are the tax implications of holding digital assets in a Schwab IRA?

1 answers

• Moha MouhaMay 18, 2024 · a year ago
  As an expert in the field, I can tell you that holding digital assets in a Schwab IRA can have tax implications that you should be aware of. The IRS treats digital assets as property, which means that any gains from the sale or exchange of digital assets within the IRA may be subject to capital gains taxes. However, if you hold the assets in a Roth IRA, any gains may be tax-free if certain conditions are met. It's important to understand the tax rules and regulations related to holding digital assets in a Schwab IRA and consult with a tax professional to ensure compliance with tax laws and optimize your tax strategy.
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