Saurav SarodeDec 28, 2021 · 3 years ago9 answers What are the tax implications of transferring an IRA to a Roth account for cryptocurrency investments?
I'm considering transferring my Individual Retirement Account (IRA) to a Roth account for investing in cryptocurrencies. What are the potential tax implications of this transfer? How will it affect my tax obligations and any potential penalties? Are there any specific rules or regulations I need to be aware of when it comes to cryptocurrency investments within a Roth account?