CoinIRA | Bitcoin Investment Services ★ https://coinira.com/bitcoin-ira/ Does the IRS really allow the purchase of Bitcoin in IRAs?
Contrary to popular opinion, IRAs are not limited to stocks, mutual funds and other Wall Street-centric asset classes. In fact, the only asset classes explicitly prohibited by law for purchase in an IRA are life insurance and collectibles.
Bitcoin is neither of those. As such, it’s broadly accepted that Bitcoin is not prohibited from purchase in an IRA.
But, the lack of an IRS prohibition and an explicit IRS endorsement of Bitcoin are not the same. Because of that, some of the newer “Bitcoin IRA” types of companies use deceptive marketing that directly states or strongly implies that the IRS has approved the investments they offer. But these claims are entirely false and fraudulent, according to the IRS.
So, if Bitcoin is not prohibited for purchase in your IRA, how’s it done? Follow these three simple steps:
Step 1: Use the right kind of IRA.
Step 2: Establish a Bitcoin wallet.
Step 3: Fund your Bitcoin wallet with IRA funds only
★ Get Your Free ★ Bitcoin IRA Guide
SPEAK WITH A BITCOIN EXPERT TODAY CALL 888-998-COINCoinIRA
21215 Burbank Blvd Suite 600, Woodland Hills, CA 91367, USA
+1 888-998-2646
Contrary to popular opinion, IRAs are not limited to stocks, mutual funds and other Wall Street-centric asset classes. In fact, the only asset classes explicitly prohibited by law for purchase in an IRA are life insurance and collectibles.
Bitcoin is neither of those. As such, it’s broadly accepted that Bitcoin is not prohibited from purchase in an IRA.
But, the lack of an IRS prohibition and an explicit IRS endorsement of Bitcoin are not the same. Because of that, some of the newer “Bitcoin IRA” types of companies use deceptive marketing that directly states or strongly implies that the IRS has approved the investments they offer. But these claims are entirely false and fraudulent, according to the IRS.
So, if Bitcoin is not prohibited for purchase in your IRA, how’s it done? Follow these three simple steps:
Step 1: Use the right kind of IRA.
Step 2: Establish a Bitcoin wallet.
Step 3: Fund your Bitcoin wallet with IRA funds only
★ Get Your Free ★ Bitcoin IRA Guide
SPEAK WITH A BITCOIN EXPERT TODAY CALL 888-998-COINCoinIRA
21215 Burbank Blvd Suite 600, Woodland Hills, CA 91367, USA
+1 888-998-2646
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