How is crypto taxed and can I hold it in a Roth IRA?
Answered independently in 2 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.
What the archive says
01Crypto has no special 'crypto tax' - it is taxed like dollars, the IRS has a blockchain task force, and prosecutions are increasing, so report it; Kohler holds his XRP inside a Roth IRA. source →
02There is no separate "crypto tax" - crypto is treated like dollars, the IRS has a crypto task force, and gains can be sheltered by holding crypto inside a Roth or self-directed IRA. source →
03A 1099 or side hustle is a "golden ticket" that unlocks write-offs a W-2 job can't touch: home office, auto, dining, computers, cell phone, family members, plus a Roth IRA and a solo 401k. source →
04Four kids paid an average of $7,000 each equals a $28,000 deduction, and each child can fund a $7,000 Roth IRA that later comes out tax-free for college. source →
What was actually said
For two days, I teach all the strategies of crypto mining, the metaverse, staking, all the different strategies inside an IRA with crypto. And we have crypto IRAs at our directed IRA company. All of my XRP is in a Roth IRA tax free.