What are the tax implications of investing in cryptocurrencies with a Schwab529?

1 answers

• Dec 26, 2021 · 3 years ago
  Investing in cryptocurrencies with a Schwab529 can have tax implications that you should be aware of. While I cannot provide tax advice, I can tell you that it's important to understand the tax rules and regulations surrounding cryptocurrencies. The IRS treats cryptocurrencies as property, which means that any gains or losses you make from investing in cryptocurrencies may be subject to capital gains tax. It's important to keep track of your transactions and report them accurately on your tax return. If you're unsure about how to handle the tax implications of investing in cryptocurrencies with a Schwab529, it's always a good idea to consult with a tax professional who can provide guidance based on your specific situation.
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