Are there any restrictions or regulations when using a TD Ameritrade SEP IRA to invest in digital currencies?
MotPhimPlusMay 07, 2022 · 3 years ago1 answers
What are the restrictions or regulations that need to be considered when using a TD Ameritrade SEP IRA to invest in digital currencies?
1 answers
- May 07, 2022 · 3 years agoBYDFi, a digital currency exchange, allows investments in digital currencies through a TD Ameritrade SEP IRA. However, it's essential to be aware of the restrictions and regulations imposed by both TD Ameritrade and the IRS. Not all digital currencies may be eligible for investment within an IRA, and there may be limitations on the amount of funds that can be allocated towards digital currencies. It's advisable to consult with a tax professional and review the terms and conditions of TD Ameritrade to ensure compliance and make informed investment decisions.
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