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Strategies & Market Trends : Blockchain and Cryptocurrencies

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To: w0z who wrote (2698)3/29/2021 11:25:00 AM
From: Elroy  Read Replies (2) of 4343
 
Taxpayers may also want to start buying digital currencies in a self-directed Individual Retirement Account. Any trading of the currencies within the account wouldn't be subject to capital gains tax — taxes would just be triggered when the money is withdrawn. Beware of the fees though, which are typically higher than a traditional IRA.

Do you understand the distinction between a self directed IRA and traditional IRA, and the comment about one having higher fees? I don’t.
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