dascpa
Level 12
yesterday

Don't normally see IRA / 401k, etc. assets unless we're doing some planning. Client has Bitcoin funds in IRA. If any sold, exchanged, etc. does that qualify for the YES box on page 1 off the 1040 or is it only for individual accounts?

1/3 of 1040's in, 23% out. Too many brokerage houses not delivering until early-mid March. Tax season has become a 45-day sprint.

0 Cheers
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Skylane
Level 12
Level 12
yesterday

I'd say yes. 

If at first you don’t succeed…..find a workaround
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IRonMaN
Level 15
yesterday

As long as the fly guy says yes, I would mark it no.😉   As long as it is buried in an IRA, it is going to get reported properly and they are looking for the shady side of digital stuff.

You are behind me in what's in, but ahead of me on what's out.  Mine have been coming in a lot faster than last year.


Slava Ukraini!
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dascpa
Level 12
yesterday

Not that it matters as long as we report income and deductions on the tax return properly, but how many of us have never even inquired about digital assets in a retirement plan? I'd say 100%

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