Bitcoin IRA Inc is an American company that combines various cryptocurrencies with Individual retirement accounts. Contrary to some reports, no investment – including Bitcoin – is approved by the IRS as an IRA investment. The ability to buy Bitcoin in an IRA is supported, but not plainly endorsed, through a 2014 IRS ruling that clarified the tax treatment for Bitcoins as non-currency personal property which is similar to stocks, and presumably compatible with IRA’s.
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