According to our (iTrustCapital) data, millions of Americans want to invest in cryptocurrencies and other alternative assets like gold and real estate, but don’t because the process is too expensive and complicated with existing services.
By CCN: An international tax evasion authority comprising five major global economic powers is taking cryptocurrency seriously. A year ago, five world powers created the Joint Chiefs of Global Tax Enforcement, or J5, with a particular interest in cryptocurrencies. The J5 Group including tax authorities… ...There are legal ways to pay lower taxes on cryptocurrency trading. These are called “tax avoidance.” One is the use of an IRA in the United States for crypto trading
There are a lot of mistruths and omission-riddled conversations, passing as facts on the internet. Even with this misinformation, the crypto world should applaud itself for facilitating the birth and growth of its markets.
iTrustCapital says it is offering a new type of platform where users can easily set up an individual retirement account, fund it and use it to begin trading cryptocurrencies — with precious metals to be added soon. This provides a “safe, affordable, and efficient alternative” to existing Self-Directed IRAs, all while keeping the client in full IRS compliance.
iTrustCapital, a Digital Asset trading platform for alternative assets in retirement accounts, announces new blockchain-based service to deliver a revolutionary new product for precious metals investors.
September 24, 2019 https://finance.yahoo.com/news/itrustcapital-appoints-pimco-veteran-rich-130000253.html LOS ANGELES, Sept. 24, 2019 /PRNewswire/ -- iTrustCapital, a Digital Asset trading platform that lets investors buy and sell cryptocurrencies and physical gold within U.S. retirement accounts, appoints FinTech veteran Rich Hauschild as CTO. Rich ....
You probably know by now that every purchase and sale using Bitcoin or any other altcoin is going to be taxed like a stock if you live in the US. This means if the value of your Bitcoin or altcoin increased at all before you sold it, you owe the IRS money.