In March 2014, the Internal Revenue Service issued IRS Notice 2014-21, which officially declared that for tax purposes, Bitcoin and other digital currencies are treated as property. Due to the rules governing self-directed IRAs, this notice also meant that digital currencies were eligible assets to be held inside IRA accounts. However, creating and managing an IRA with digital currencies was still complex and difficult.
BitIRA was founded in 2017 to offer average investors a solution to that problem.
BitIRA offers a simple, streamlined process for investors to open IRS-compliant Digital IRAs – where cryptocurrencies can be held and grown under special tax-deferred status.
If you’d like to learn more about BitIRA and how we can help you leverage today’s growing market of digital currency assets to further your goals for retirement, contact us to speak with one of our Digital Currency Specialists. They’ll gladly explain our company’s background, the ways we’re serving customers right now, and how we’re uniquely qualified to help you explore the world of Digital IRAs.