Mehdi MirzapourJan 11, 2022 · 3 years ago8 answers What are the potential tax implications of holding cryptocurrencies in a Merrill IRA?
Can you explain the potential tax implications of holding cryptocurrencies in a Merrill IRA? I'm considering investing in cryptocurrencies through my Merrill IRA, but I want to understand the tax implications before making any decisions. How will the IRS treat cryptocurrencies held in an IRA? Will I be subject to any taxes or penalties? Are there any specific rules or regulations that I need to be aware of?