I have a mature Bitcoin IRA. If I wanted to remove a Bitcoin, “in kind”, from my IRA and transfer it to my own personal hard wallet, would this trigger a taxable event or no? Is it considered a distribution even though it’s not being converted to cash, and once it is out of my IRA and in my hard wallet, is it now subject to capital gains tax instead of income tax when I do sell it into cash? Whew, that was a lot of questions, sorry.
Thanks for any education on this matter.
