What are the eligibility requirements for contributing to an IRA with digital currencies?

3 answers

• Dec 19, 2021 · 3 years ago
  To contribute to an IRA with digital currencies, you must first meet the basic eligibility requirements for opening an IRA account. This includes being under the age of 70 and a half, having earned income, and not exceeding the annual contribution limits set by the IRS. Additionally, you need to ensure that the digital currencies you plan to contribute are eligible for IRA investments. It's important to consult with a financial advisor or tax professional to ensure compliance with all IRS regulations and guidelines.
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• Dec 19, 2021 · 3 years ago
  Contributing to an IRA with digital currencies requires meeting the same eligibility requirements as contributing with traditional assets. This means that you must have earned income and be under the age of 70 and a half. However, it's important to note that not all digital currencies are eligible for IRA investments. The IRS has specific guidelines on which assets can be held in an IRA, so it's crucial to do your research and consult with a financial advisor before making any contributions with digital currencies.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we offer the option to contribute to an IRA with digital currencies. To be eligible, you must meet the standard requirements for opening an IRA account, such as having earned income and being under the age of 70 and a half. Additionally, the digital currencies you plan to contribute must meet our internal criteria for IRA investments. We recommend consulting with a tax professional or financial advisor to ensure compliance with all IRS regulations and guidelines when contributing to an IRA with digital currencies.
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