51 min listen
12/13/23: NFT Tax Pitfalls
12/13/23: NFT Tax Pitfalls
ratings:
Length:
8 minutes
Released:
Dec 13, 2023
Format:
Podcast episode
Description
Navigating the complex world of crypto taxation, this episode reveals the hidden tax pitfalls of buying NFTs within an IRA and the IRS's classification of NFTs as collectibles. In this episode, Ric highlights the potential tax consequences and penalties, urging investors to seek knowledgeable financial advice. He also introduces two crypto ETFs as safer alternatives for incorporating digital assets into IRAs.Subscribe to podcast updates: https://form.jotform.com/223614751580152Ask Ric: https://www.thetayf.com/pages/ask-ric-----Links from today's show:Year-End Tax Maneuvers for Bitcoin Holders (12/13/23 Episode): https://www.thetayf.com/blogs/this-weeks-stories/year-end-tax-maneuvers-for-bitcoin-holdersTwo-hour tax course on crypto: https://dacfp.com/certificatIon/Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (Symbol is BLKC): https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Advisor&productId=ETF-BLKCInvesco Alerian Galaxy Crypto Economy ETF (Symbol is SATO): https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Advisor&productId=ETF-SATO-----Follow Ric on social media:Facebook: https://www.facebook.com/RicEdelmanInstagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/X: https://twitter.com/ricedelmanYouTube: https://www.youtube.com/@RicEdelman-----Brought to you by:Global X ETFs: https://www.globalxetfs.com/Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.htmlSchwab: https://www.schwab.com/Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee-----
Released:
Dec 13, 2023
Format:
Podcast episode
Titles in the series (100)
Ric’s new chapter in life by THE TRUTH ABOUT YOUR FUTURE with Ric Edelman