Legacy Tax & Resolution Services

Ask the Crypto TaxMan: Can I make an IRA contribution in cryptocurrency and have it be deductible?

The movement of coins, “in kind”, from one exchange to another is not a taxable event.  However, the movement of the currency to the other exchange where is sold to purchase other coins, is a taxable event.  Hope that is clear.

Share this post with your loved one!

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories