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I withdraw money from my 401K and reinvested in digital assets, do I still claim that as income?
Fidelity does not have an option for digital assets investments so I withdraw part of my 401K and invested in Crypto markets. Since I transferred the investment, is the withdrawal still considered income even though I personally did not use it but rather reinvested it. I feel like this is similar to my IRA account I created within Fidelity... the only delta is that I did not actually withdraw the funds but simply transferred them to a self managed account much like my digital assets.
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‎April 18, 2023
10:37 AM