From: "Jeffrey E." <jeevacation®gmail.com>
To: Jeremy Rubin
Subject: Re: Question
Date: Fri, 01 Sep 2017 22:47:07 +0000
also bitcoin is currently not a currency „ but property , each coin has its own cost basis. . .
On Fri, Sep 1, 2017 at 5:52 PM, Jeremy Rubin c wrote:
Let's say I open an IRA (regular or Roth).
Then I create an LLC that I am CEO of, and sell 100% ownership to the IRA in exchange for purchase $100K in Bitcoin
through it.
As far as I understand, this is now a kosher Bitcoin retirement fund.
But let's say the LLC spends/loses the coins. The value goes down, and my IRA is at a loss, right? But I was able to take
the coins out of the LLC without taxes, right?
Am I missing a step here or is this an interesting new technique?
Best,
Jeremy
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