Digital Assets

3 articles

Can I invest in Bitcoin and cryptocurrency?
Yes. A self-directed IRA or Solo 401(k) can invest in Bitcoin, Ethereum, and a broad range of digital assets. The IRS confirmed in Notice 2014-21 that virtual currencies are treated as property, making them a permissible asset class for retirement ...
Can I use a hardware wallet?
Yes. A hardware wallet is a permissible and often preferable storage method for plan-held cryptocurrency. The phrase "not your keys, not your coins" captures the core argument: exchange-hosted wallets leave your assets in the custody of the exchange. ...
Does staking or mining create UBIT?
Mining IRS Notice 2014-21 establishes that cryptocurrency mining is a trade or business activity. Mining involves the creation of new assets through computational work. The IRS treats it similarly to manufacturing, not passive investing. When a ...