Rules & Things to Note With Cryptocurrency Investments in an IRA

  • You cannot buy cryptocurrency personally and sell it to your IRA.
  • The trading platform’s procedures must meet IRS rules and regulations.
  • The IRS considers cryptocurrency personal property for tax purposes.
  • When you hold digital currencies in an IRA, they receive the same tax-sheltered advantages as any other IRA investment.

Be sure to consult with your financial advisor to decide if cryptocurrency in an IRA is the right strategy for your investment portfolio.