Are there any tax implications for including cryptocurrencies in my Edward Jones retirement portfolio?

3 answers

• Berntsen CappsJun 12, 2021 · 4 years ago
  Including cryptocurrencies in your retirement portfolio with Edward Jones may have tax implications. Cryptocurrencies are considered property by the IRS, which means that any gains or losses from their sale or exchange are subject to capital gains tax. Additionally, if you hold cryptocurrencies in a retirement account, such as an IRA, there may be additional tax considerations. It's important to consult with a tax professional or financial advisor who is knowledgeable about cryptocurrencies and retirement accounts to understand the specific tax implications for your situation.
  583

  292
• Fellipe BastosMay 16, 2021 · 4 years ago
  Yes, there are tax implications for including cryptocurrencies in your Edward Jones retirement portfolio. Cryptocurrencies are treated as property by the IRS, so any gains or losses from their sale or exchange are subject to capital gains tax. The tax rate will depend on how long you held the cryptocurrencies before selling or exchanging them. If you're unsure about the tax implications, it's best to consult with a tax professional who can provide personalized advice based on your specific circumstances.
  509

  170
• Mihir AminOct 27, 2024 · 9 months ago
  Including cryptocurrencies in your retirement portfolio with Edward Jones may have tax implications. The tax treatment of cryptocurrencies can be complex and may vary depending on your jurisdiction. It's important to consult with a tax professional or financial advisor who is knowledgeable about cryptocurrencies and retirement accounts to understand the specific tax implications for your situation. They can help you navigate the tax rules and ensure that you are in compliance with the law.
  494

  124