Anderson ArvandoDec 28, 2021 · 3 years ago3 answers Are there any tax implications when converting an inherited IRA into cryptocurrency?
What are the potential tax implications that need to be considered when converting an inherited Individual Retirement Account (IRA) into cryptocurrency? How does the IRS view this type of conversion and what are the reporting requirements? Is there a difference in tax treatment between converting an inherited traditional IRA and an inherited Roth IRA into cryptocurrency?