Global Feed Post Login
Replying to Avatar Telluride

A lot of people are converting their traditional IRAs to Roth with a100% btc allocation.

β€”I mean a LOT of people are doing this. If bitcoin 100x nobody will owe tax since a Roth is pretaxed. I suspect your wife is right.

Congress can pass laws to invalidate these rules when the exploit becomes this severe.

Interesting times.

πŸ§‘πŸ»πŸ‘ŠπŸ»

nostr:note13733lql6pysf7ectehyvcmzyrsu6mf7mgj7vlyalxdhde5zndyhs8xeq8e

Avatar
Mo 1y ago

I converted at 40k BTC. Now it’s doubled. Taxes will be offset with business startup losses.

Reply to this note

Please Login to reply.

Discussion

No replies yet.